BNB Price Prediction: Hidden Buy Signal Emerges as BNB Surges Toward $1,000 – On-Chain Data Suggests a Big Bounce Is Coming
A powerful on-chain signal just flashed for BNB, sparking renewed confidence in a bullish BNB price prediction as the token eyes a return to $1,000.
The Network Value to Transactions (NVT) ratio has plunged to a 27-month low, suggesting BNB is currently undervalued relative to its growing network activity.
In the past, this has been a contrarian signal. This means that, when the metric drops, the price of BNB starts to rise.
The last time the NVT metric hit a low of around 90, BNB started its ascent from $650 to its all-time high of $1,300.
BNB Price Prediction: Early Bullish Signals Pop Up in the Daily Chart
The daily chart shows that an ascending price channel has formed after BNB hit a key support at $920.
The price has progressively recovered, but experienced some selling pressure right after it hit $1,000. This psychological threshold would be the key resistance to watch in the next few days.
A move above this mark could trigger a much more explosive uptick in the near term.
Although it is still a bit early to tell if this will be the beginning of the next leg up for BNB.
If the price rises above the 200-day EMA, it could retest its all-time high soon, as this is a critical level from a technical standpoint.
Storing and swapping cryptos safely and at a low cost is critical to succeed when investing in cryptos. The Best Wallet Token ($BEST) is a hot crypto presale that powers a thriving ecosystem that includes a top-notch wallet, a decentralized exchange, and additional products that will soon be launched.
Best Wallet Token ($BEST) Offers Discounts on Fees and Exclusive Access to New Presales
Best Wallet is already known for its sleek, mobile-first design and support for over 60 blockchains.
Now, it’s going a step further with the launch of its native token, Best Wallet Token ($BEST).
This token is built to make every part of the Best Wallet ecosystem more rewarding and connected.
Holding $BEST unlocks early access to new crypto presales, exclusive staking rewards, and participation in community votes that shape future updates.
Users can also complete airdropped quests that reward interaction with trending projects and upcoming listings.
Inside the app, $BEST powers other platforms and products, such as The Best DEX, a hub linking over 200 decentralized exchanges, and The Best Card, a crypto debit card currently in development that will simplify crypto spending.
You can buy $BEST by visiting the official Best Wallet website and connecting your wallet (e.g. Best Wallet).
You can easily swap USDT or ETH for the token, or use a bank card to join the presale in seconds.
The post BNB Price Prediction: Hidden Buy Signal Emerges as BNB Surges Toward $1,000 – On-Chain Data Suggests a Big Bounce Is Coming appeared first on Cryptonews.
