BNB Price Soars 7 Percent After Reports of Trump Pardoning CZ

Market analyst Crypto Patel stated that the rally represented one of its strongest single-candle gains in weeks. The price surge pushed the token beyond key intraday resistance zones and caused a wave of short liquidations. Trading volume spiked significantly during the breakout, emphasizing broad market participation and renewed optimism surrounding its leadership.

Analysts Attribute Move to Renewed Confidence in Binance

According to Patel, investor sentiment turned positive as the news reignited expectations of Binances leadership returning to public engagement. The development appeared to boost confidence across its ecosystem, often seen as directly linked to the market performance.

Crypto Patel added that the rally reflected how swiftly external political events can influence digital assets. The move reinforced its position as a leading altcoin with strong ties to Binances operational and regulatory outlook.

Despite the short-term volatility, the analyst noted that market reactions to leadership-related developments often generate temporary price spikes before stabilization occurs.

Mags Predicts Extended Rally Toward $1,400 Resistance

Analyst Mags shared a bullish projection following the pardon reports. According to Mags, the event has restored investor confidence and could extend the tokens uptrend toward the $1,400–$1,500 range. Chart data showed that the altcoin recently broke above a long-term descending trendline that had capped growth since 2021, marking a decisive technical reversal.

BNBUSD Chart | Source:x

The same chart indicated a double bottom formation near $200, which previously served as a major accumulation zone. After forming this base, the asset rallied beyond earlier resistance points around $684 and $974, confirming a change in market structure.

Mags identified the next key price target near $1,454, coinciding with Fibonacci extension levels. Momentum indicators remain in bullish territory, signaling continued buying pressure as traders factor in political developments and sentiment-driven catalysts.

Market Data Shows Stable Support Above $1,100

Over the past 24 hours, the altcoin recorded a 4.86% increase, reaching $1,137.56, with its market capitalization rising to $158.34 billion. Trading volume also surged to $4.59 billion, showing strong investor activity after the news. The price action positioned the asset among the top four cryptocurrencies by market value, reaffirming its dominance in the digital asset market.

BNBUSD 24-Hr Chart | Source: BraveNewCoin

The short-term chart reflected an initial jump from $1,080 to above $1,130 before a brief pullback. The token stabilized above $1,100, forming a solid support base at that level. Volume patterns showed consistent accumulation rather than speculative wicks, suggesting steady participation by traders.

If momentum continues, the next resistance zone lies between $1,150 and $1,180. Maintaining price strength above $1,100 could help sustain the upward trajectory amid ongoing developments surrounding Binance and CZ.