BNB is mounting a strong recovery, fueled by a major regulatory victory and broader market strength. The BNB price has climbed to $1,125, posting a 7.79% gain over the past week. This rebound was ignited by President Trump’s full pardon of Binance founder Changpeng “CZ” Zhao, an event that has dramatically improved sentiment around the Binance ecosystem.
The rally marks a sharp reversal from earlier in the week when BNB dipped toward $1,050. The pardon effectively erased a major regulatory overhang that had been weighing on the token. Consequently, investor confidence in Binance’s long-term stability has been restored, providing a fundamental boost to the BNB price.
BNB Price Technical Setup Hints at Further Gains
From a technical perspective, the BNB price is showing resilience. It is now consolidating above a key support level at $1,051. The immediate resistance to watch is $1,160. A decisive break above this ceiling could trigger a significant move toward the next major resistance zone around $1,320.
The bullish case is further supported by the broader crypto market recovery. Bitcoin’s hold above $111,000 and Ethereum’s push toward $4,000 have created a positive environment for major altcoins like BNB to prosper.
My Thoughts
The pardon was the definitive catalyst BNB needed. It transforms the narrative from “a token tied to a legally troubled founder” to “the core asset of a fully legitimized ecosystem.” This is more than a short-term pump; it’s a fundamental re-rating. With the regulatory cloud lifting and the technical structure improving, BNB is well-positioned to outperform. The path to $1,300+ is now clearly visible if broader market conditions remain supportive.
