Binance Coin (BNB) could be on the verge of an all-time rally. A recent chart analysis by CryptoPatel confirmed the same repeating structure as seen during the 2021 breakout. After the last "Break of Structure" (BOS), BNB experienced a 242% rally in value. The recent BOS has profound implications. Analysts believe that with key support firming around $700, the next price impulse could take BNB closer to $2,300 or more.
According to the analysis chart, BNB's previous price movements show a recurring structure that indicates significant continuation potential. After each major Break of Structure, a large price impulse follows. In 2021, an early "breakout" led to the upward momentum of the token and drove it approximately 243% higher from a previous lower level.
Currently, BNB's monthly price structure is showing a similar formation. The latest confirmation is BNB establishing a new BOS, approximately priced at $977, along with the strong support at $700. Historical chart analysis reveals that various formations act as strong indicators before a continued bullish cycle where the price extends higher.
Analysts who are observing the pattern call this "the calm before the next parabolic move." If confirmed, the BOS may be the beginning of another significant multi-month parabolic climb similar to 2021.
The visible green support boxes highlight key accumulation zones where buying pressure has recently increased in strength. In earlier cycles of BNB, these supports led to sustained moves for BNB.
BNB's most recent support setup coincides with this similar behavior historically. After a pullback in the $700 area, buyers have once again regained control of BNB and established the structure for expansion.
If the current setup turns out to be a replay of the 2021 event, the expected target for the next leg is between $2,300 and $2,400. The structure, timing, and momentum are showing measurable symmetry between two market cycles.
Moreover, the volume profile is supportive of renewed interest from investors. The latest data coming from Binance illustrates sustained participation throughout even a short-term selloff, reaffirming the coin's resilience against a deteriorating overall market.
This analysis continues to highlight one compelling market truth: if a significant cycle has a similar appearance, then the outcomes will likely be similar, provided the conditions around them are similar. The prior breakout cycle had near-identical indicators - support built up, a BOS, and a continuation of momentum following the BOS.
The structure on the chart still has the appearance of a consolidation phase before price expansion, with a clear reoccurrence of exact energy found in recent prior rallies.
The probability of a substantial 242% rally will definitely attract attention from traders actively seeking out cyclical repeatabilities.
With these similar structures re-emerging once again, this raises the question: could BNB once again replicate that parabolic rise as it did in 2021?
If liquidity conditions match liquidity patterns historically present in prior runs, then the probability of subsequent exponential executed runs will likely become persistently higher. The technical structure of this token is showing indications of potentially shifting into upside growth levels not seen the last time BNB was in a bull market.
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Binance Coin appears set for another powerful rally as its chart replicates the 2021 pattern. With strong support near $700 and a potential rise toward $2,300, traders are now watching whether history repeats itself with this breakout move once again.