The price of BNB (Binance Coin) has shown impressive resistance to the recent crypto market downturn and has consistently stayed above $500 since March. Despite bearish sentiment, CoinCodex predicts a 25% price increase for BNB by October 2024. However, there is uncertainty about its near-term trajectory due to recent volatility and market dynamics. BNB has rebounded strongly after each fall, indicating strong demand. The rise in altcoins during an altseason could benefit BNB, but on-chain data shows mixed trends with an increase in active addresses but a decline in transaction volumes. The decline in network fees suggests reduced activity, which could impact BNB's price potential. Analysts believe BNB could perform well during altseason, but caution is advised due to short-term uncertainties and market volatility.



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