Crypto:
36635
Bitcoin:
$91.969
% 1.30
BTC Dominance:
%58.6
% 0.02
Market Cap:
$3.13 T
% 1.40
Fear & Greed:
28 / 100
Bitcoin:
$ 91.969
BTC Dominance:
% 58.6
Market Cap:
$3.13 T

BNB Price Soars: Why Is Binance Coin Rising?

In today’s crypto market, one of the most talked-about assets is Binance Coin (BNB). Showing a strong upward trend over the past 24 hours, BNB is currently trading around $1,130. The surge in investor interest is driven by three key developments:

  1. S. President Donald Trump’s pardon of Binance founder CZ,
  2. BNB’s upcoming listings on Coinbase and Robinhood,
  3. The potential technical breakout above the $1,100 resistance level.

The combination of these three factors has created strong psychological and technical momentum for BNB’s price.

Trump Pardons Binance Founder CZ

U.S. President Donald Trump has made a historic decision that sent ripples across the crypto world, officially pardoning Binance founder Changpeng “CZ” Zhao. Trump described the move as a correction of what he called “a politically motivated crackdown on crypto” under the Biden administration.

White House Press Secretary Karoline Leavitt stated:

“President Trump aims to restore fairness and support innovation in the digital finance sector. The pardon granted to CZ should be seen as a reflection of that vision.”

Trump’s decision is viewed not just as a personal pardon, but as the beginning of a renewed pro-crypto policy era. The markets reacted positively to the news — investor confidence rose, and BNB-related assets within the Binance ecosystem saw a sharp uptick shortly after the announcement.

Coinbase and Robinhood Announce BNB Listings

The positive sentiment sparked by Trump’s pardon of CZ was further amplified after two major U.S.-based platforms  Coinbase and Robinhood  announced plans to list Binance Coin (BNB).

Despite being a direct competitor to Binance, Coinbase’s decision to list BNB marks an unexpected strategic shift. Analysts interpret this move as an effort to expand BNB’s accessibility for U.S. investors and respond to the market’s growing demand. Meanwhile, Robinhood also confirmed BNB trading support, increasing interest among retail investors in the U.S.. With this listing, BNB becomes accessible not only to crypto enthusiasts but also to traditional finance users. Market observers suggest that having both major platforms onboard could significantly boost BNB’s demand and trading volume in the coming weeks.

BNB Rebounds from Strong Technical Support

Following a recent correction, BNB regained strength and continued its upward move around the $1,130 level. The cryptocurrency bounced sharply from the $1,050 support zone, which has aligned with its long-term ascending trendline maintained since the summer. This region acted as a solid accumulation area for buyers, allowing BNB to regain momentum and reaffirm its bullish trend. Technical analysts note that if this momentum persists, BNB could soon retest higher resistance zones, signaling a potential continuation of its uptrend.

At the same time, open interest levels in the futures market have increased, signaling renewed participation from both retail investors and institutional players. Typically, a rise in open interest is interpreted as a sign of improving market sentiment and a potential increase in volatility as more traders enter leveraged positions.

Analysts Set New Targets for BNB

Combining technical indicators and recent market developments, analysts maintain a short-term bullish outlook for BNB. Experts suggest that if the price holds above the $1,140 resistance level, the next target zone could be around $1,350. Some market analysts believe that a break above this level could trigger a new upward trend, potentially pushing BNB toward the $1,500 mark before the end of the year.

However, they also caution that for this move to be sustainable, market stability in major assets like Bitcoin and Ethereum will be crucial. Continued strength in these leading cryptocurrencies would likely support BNB’s momentum and maintain investor confidence across the broader market.

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