CryptoOnchain
BNB Breaking ATH: Is $1,360 the Next Target?
BNB has broken its previous ATH of $793, entering a new growth phase. To understand the potential upside, we utilize the Realized Price metric. Realized Price Calculation Method: This metric uses a fee-weighted average price where each day’s weight equals daily fees multiplied by BNB supply: Realized Price = Σ(Price × Daily Fee × Supply) / Σ(Daily Fee × Supply) This method uses BSC network fees as a proxy for daily activity importance and volume. Top Band Price: Historical patterns show BNB reaching 2x Realized Price during strong bull cycles. With the current Realized Price at ~$680, the Top Band sits at $1,360. Current Analysis: - Current Price: ~$793 (New ATH) - Realized Price: ~$680 - MVRV Ratio: 1.17 - Potential Altseason Target: $1,360 Following the ATH breakout and potential Altseason emergence, BNB shows 70% upside potential to $1,360. This level historically acted as a saturation point in previous cycles.