Coinbase Adds BNB to Listing Roadmap: Is a 20% Rally in Play Now?

Binance Coin (BNB) was finally on the road to make a debut on the biggest crypto exchange in the United States, Coinbase (COIN). The altcoin has been in a strong uptrend since the start of the second quarter, which was interpreted as the beginning of the altcoin season, lasting until the middle of Q3.

The price action of BNB token is still bullish overall, but there is worrying bearish divergence in the formation. Historical data suggest the next likely scenario is a surge, as it has been for other Coinbase listings.

Coinbase Adds BNB Token to Their Listing Roadmap: Will History Repeat?

On October 15th, the official page of Coinbase Markets on X (formerly Twitter) announced that they would be adding BNB token to their listing roadmap. The move was a surprise bearing the competition between BNB’s parent company, Binance, and Coinbase in the CEX sector.

Considering this, users discussed whether the move indicated competition or cooperation. The majority were on the positive side due to the historical patterns. Previous listings of tokens have sparked rallies; for instance, Ethereum’s 2016 surge following its addition to Coinbase. Recently, it was the same for dogwifhat (WIF), Peanut The Squirrel (PNUT), and other altcoins.

Analyst Cryptos Rus on his X page predicted this listing could mirror past booms of between 20% and 100% in the first week.

Since BNB has a strong market capitalization, history might repeat itself if trading begins, which could drive prices upward. Traders should closely monitor the situation to determine if it repeats itself.

BNB Price Analysis and Prediction: Is A New High Next?

On the charts, a minimum of 20% surge from the trading price of $1,165 at the time of writing produced a new high of $1,400. This means making a new peak for the altcoin, which has been bullish since August but slowed down by the crypto crash.

On the extreme side, BNB could surge 100% and surpass $2,300. However, the current bearish divergence, as indicated by Coinvo on X, meant that the price was more likely to break down. Such an event would be great for discounted prices before the actual listing.

In another scenario, BNB price could fall slightly and extensively below $1,000, just like during the crash. The whole market is currently weak after a weak bullish reaction on the first weekday of this week.

Let’s examine the impact of this listing roadmap debut on the token’s community and analysts’ predictions, taking into account BNB’s seasonal trends.

Binance Community and Analysts Predictions, Seasonal Tendencies

The Binance community was abuzz after the breaking news that Coinbase would list BNB, with BSCGemsAlert projecting that the value would increase to $3,000 by the end of 2025. The post read, “BNB to $3,000 before Christmas?”

Analysts such as Crypto Rover supported this optimism. He emphasized the favorable technical indicators of BNB and its potential for significant growth, aligning with past bullish cycles.

Meanwhile, Cas Abbe observed seasonal trends and their correlation with rallies. Abbe suggested October was one of the months when altcoins rally. Past trends were inflated with fake news and recycled headlines, the same case in recent times.

He also added that retail sentiment, professional predictions, and seasonal trends backed potential for unprecedented heights.

Despite that, investors were advised to be careful because changes in the market and regulatory tendencies might have an impact. The crypto community continued to await the outcome of this historical pattern anxiously. That suggests many expected at least a 20% gain after official listing.