BNB Soars After CZ Pardon and Golden Cross, Targets Rise
BNB surged over 3% to reach $1,133 after U.S. President Trump pardoned Binance founder Changpeng Zhao. Trading volume jumped 35%, underpinning a 1.07% gain in 24 hours. Support held near $1,124, while resistance sits at $1,140–$1,143.
Technical indicators formed a golden cross as the 9-day moving average crossed above the 26-day average. This bullish signal could push BNB toward its all-time high of $1,370 if volume picks up. A break above $1,150 may target $1,500; failure could retrace to $1,078.
Institutional demand is rising. Franklin Templeton’s tokenized securities and new Binance partnerships expand BNB’s utility beyond an exchange token. Other majors, including BTC, ETH, and SOL, also climbed as Bitcoin held above $110,000.
Crypto traders should watch U.S. election outcomes, interest rates and regulatory shifts. Short-term corrections are possible, but the CZ pardon has strengthened BNB’s bullish outlook.
Bullish
BNB’s sharp rally following CZ’s presidential pardon combined with a golden cross technical pattern and rising institutional demand indicates strong bullish momentum. The surge in trading volume and improved regulatory sentiment underpin a potential move toward $1,370 all-time highs and even $1,500 if key resistance levels at $1,150–$1,250 are breached. While low volume and broader market factors like elections and interest rates could trigger short-term pullbacks, the overall outlook for BNB remains bullish as sentiment and fundamentals align.