BNB price is gaining momentum, supported by the recent pardon of Binance founder Changpeng Zhao and broader recovery across the crypto market.
Summary
- BNB reclaims $1,100 support as market sentiment improves, gaining 2.5% in 24 hours and nearly 8% on the week.
- CZ’s presidential pardon helps lift investor confidence in Binance, easing regulatory pressure and boosting the token’s outlook.
- Technical setup remains bullish, with key support at $1,051 and resistance at $1,157 with next targets around $1,300
BNB is trading around $1,125 at press time, up 2.54% in the past 24 hours and 7.79% over the past week, according to market data from crypto.news. The token started the week above $1,100 but dropped to around $1,050 by Tuesday before staging a strong rebound that saw it climb past $1,160, its highest point of the week.
The sharp recovery coincides with former Binance CEO Changpeng Zhao’s presidential pardon, which appears to have renewed investor confidence in Binance and its ecosystem. The move eased lingering regulatory concerns, helping restore sentiment around BNB’s (BNB) long-term stability and broader market activity.
BNB’s uptick also comes amid a wider crypto rebound, with Bitcoin (BTC) holding strongly above $111,000 and Ethereum (ETH) nearing $4,000, both lifting overall market confidence.
With the Binance Coin now regaining technical footing and sentiment improving, it could be setting up for a continued move higher.
BNB price outlook: bulls eye continuation above key support
BNB price continues to show resilience as it consolidates between key technical levels. The token is holding above $1,051, its current daily support, while facing near-term resistance around $1,157. A decisive break above this level could confirm renewed bullish momentum.
On the upside, clearing $1,157 would open the door for a move toward $1,319, the next resistance zone and a key area where the last major rally paused. Such a breakout would likely attract stronger buying interest, signaling that bulls have regained firm control.
If BNB price fails to sustain above $1,051, however, the structure could weaken, exposing downside risk toward $939, a level that previously provided demand.
For now, the Binance Coin’s recovery remains intact, supported by improving sentiment and steady momentum. As long as it holds above support and broader market strength persists, bulls have a clear path to test higher levels.
