BNB Surges Past $1,100 Following CZ Pardon: Technical Analysis Points to Extended Rally
BNB (BNB) is trading above $1,100, which is a strong 4% rise in the last 24 hours. This comes after a big event in the Binance ecosystem.
Quick overview
- BNB is currently trading above $1,100, marking a 4% increase in the last 24 hours following US President Trump's pardon of Binance founder Changpeng Zhao.
- The pardon is seen as a potential catalyst for CZ's return to leadership at Binance, which could positively impact the BNB ecosystem.
- Technical analysis indicates that BNB has broken through key resistance levels, with bullish momentum suggesting further price increases could occur.
- Institutional adoption is growing, with Coinbase and Robinhood listing BNB, and a potential ETF could attract significant investment in the future.
BNB BNB/USD is trading above $1,100, which is a strong 4% rise in the last 24 hours. This comes after a big event in the Binance ecosystem. Traders are hoping that US President Donald Trump’s decision to pardon Changpeng “CZ” Zhao, the founder of Binance, will be the spark that starts a bigger cryptocurrency rise.
As of this writing, BNB has shown incredible growth, reaching an intraday high of $1,121 just after the news of the pardon emerged. The token’s performance shows that not only are people excited about it right now, but also that institutions are becoming more confident in the long-term possibilities of the Binance ecosystem.
Trump Pardons CZ: Political Winds Shift in Crypto’s Favor
Trump’s decision to pardon CZ, which he announced on Wednesday, is a big change from how the last administration handled regulations. The President said at a press conference on Thursday that “a lot of people recommended” CZ and that “what he did is not even a crime.” This is a big change from the Biden administration’s activities that led to CZ’s four-month prison sentence for breaking the Bank Secrecy Act.
The pardon could have effects that go beyond the immediate price action. CZ had to step down as CEO of Binance and was not allowed to work at the exchange as part of his original plea deal. Many people in the market saw the pardon as a sign that he could be able to return to operational leadership, which would be very good for the BNB ecosystem.
CZ’s answer was typically forward-looking, promising to “help make America the Capital of Crypto and advance Web3 worldwide.” This promise shows that they are more motivated and focused on strategy, which could lead to more demand and utility for BNB.
BNB/USD Technical Analysis: Bulls Firmly in Control
From a technical point of view, the way BNB’s chart is set up suggests that the present surge could go on for a long time. The token has broken through important resistance levels with a lot of volume, making $1,100 a new support zone. The 4% daily increase comes with a lot of buying pressure, and the Relative Strength Index (RSI) is in bullish zone but hasn’t yet reached overbought levels.
The token’s recent price movements have created a bullish continuation pattern, with higher lows showing that people are buying at each downturn. There has been a big increase in trading volumes, which shows that people are really interested and not just speculating. This volume profile, along with the fundamental drivers, makes it look like this move will last.
$1,150 and $1,200 are important resistance levels to watch because they could be where profit-taking happens. If BNB can hold over $1,120, though, the chance of it moving toward $1,300 grows. Support levels have set up between $1,080 and $1,050, which will help with any short-term changes.
Institutional Adoption Adds Fundamental Support
BNB is getting more than just the pardon story; it’s also getting real institutional adoption. Both Coinbase and Robinhood added BNB to its lists earlier this week. This made it much easier for both retail and institutional investors to buy it. Applied DNA Sciences, a biotech company that is publicly traded, also revealed that it had bought 4,908 BNB tokens worth about $5.3 million for its treasury holdings. This news sent its stock price up more than 50%.
VanEck has suggested a BNB ETF in the US, which might bring in a lot of institutional money if it is approved by the end of 2025 or the beginning of 2026. An ETF would give people in traditional finance who are still unsure about using bitcoin exchanges a safe way to invest in BNB.
BNB Price Prediction: Targeting $1,300-$1,500 in Near Term
Given the combination of positive factors, BNB is positioned for more higher in the coming weeks. Conservative price projections say that BNB will be worth $1,300 to $1,350 in the next 30 days, which is around 18% more than it is now. If the overall market conditions are right and CZ comes back to Binance, a test of $1,500 might happen in the next quarter.
Many crypto traders are feeling optimistic, with some well-known figures advocating for a “BNB up only season” and others guessing that altcoin season may be on the way. “Crypto could use a catalyst right now,” said crypto analyst RR2Capital.That might have been it.
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