BNB Price Could Approach $2,000 by Early 2026: Technical Indicators Signal Strong Rally

Key Takeaways:

• BNB price surged over 30% in July, hitting a record high above $861.
• A technical analysis pattern from 2018-2021, replicated on a recent chart, suggests potential for over 100% gains.
• Rapid network growth post-Maxwell upgrade and growing institutional adoption underpin the bullish forecast.

BNB (BNB) experienced a significant price surge in July, climbing more than 30% and reaching a record high of $861.20, according to CoinMarketCap data. Market analyst BitBull forecasts BNB could double from recent levels, potentially reaching the $1,000 threshold by year-end and the $1,800-2,000 range by early 2026.

Bullish Technical Case: Fractal Signal and Ascending Triangle Breakout

BitBull’s bullish outlook is primarily rooted in a technical indicator observed during previous market cycles. BNB recently broke out of a multi-year ascending triangle pattern, a structure historically associated with strong upward momentum.

This pattern mirrors a similar formation witnessed during the 2018-2021 bull market, which culminated in BNB prices exceeding $690, a staggering increase of nearly 920% from the breakout point.

If BNB can replicate even a portion of its historic performance from that period, a move toward $1,800-2,000 by early 2026 appears technically plausible. BitBull notes BNB’s price target tops the cycle peak projection derived from the original fractal indicator, hinting at a potential $3,900 high.

BNB Chain Growth and Rising Institutional Demand Fuel Expectations

BitBull attributes the potential catalysts for this price surge to accelerating network activity and growing demand from financial institutions.

Data from analytics firm Nansen indicates BNB Chain saw a substantial 37% increase in active addresses over the last 30 days.

This growth rate significantly outpaces that of competitors like Solana (SOL), whose active addresses saw an 18% decline during the same period, despite previously holding the lead.

The timely implementation of the Maxwell hard upgrade on June 30 — enhancing network speed and efficiency — is cited as a contributing factor to this increased activity.

Furthermore, documentary evidence points to growing institutional comfort with BNB. Windtree Therapeutics recently raised $520 million, earmarking a portion for BNB treasury holdings.

A NASDAQ-listed Web3 infrastructure company, Nano Labs, also bolstered its BNB reserves by approximately $108 million through direct purchases and convertible financing, bringing its holdings near 128,000 tokens.

“BNB Chain network activity is rising; Binance remains a dominant player, and corporations are accumulating BNB for their treasuries,” observes BitBull. The analyst concludes: “All this demand is certainly going to push BNB above $1K by Q4 2024 and possibly into the $1.8K-$2K range leading into the next cycle top.”