BNB Price Stands Only 8% From ATH, Can It Reach This Week?

BNBUSDT is currently the altcoin closest to its all-time high (ATH), trading just 8.25% from the $861 ATH. At $822, it remains poised for a potential breakout. The proximity to its ATH indicates strong market sentiment and potential for further upward movement in the near future.

The previous ATH was set about three weeks ago, and with broader market support, BNB could continue its bullish momentum. If the market conditions remain favorable, BNBUSDT may reach $861 and potentially break through it, surpassing the previous record high within this week.

However, if the broader market fails to maintain its rally, BNBUSDT may struggle to breach the $823 level. In such a scenario, a price drop could occur, pushing BNB down to $793 or potentially lower to $766. Market conditions will be crucial in determining the direction of BNB’s price.