- BNB price retested highs above $1,160 as altcoins eye a third consecutive green daily candle.
- CZ’s pardon boosted bullish sentiment and helped drive part of BNB’s recent gains.
- Macro strength pushed Bitcoin toward $115,000, supporting a rebound scenario for BNB toward $1,300.
Rising momentum across the broader crypto market pushed BNB back to a key price area near $1,160. That upward movement reflects growing optimism and leaves room for a larger rally, especially as analysts have flagged this week as important for risk assets.
At the time of writing, BNB is trading around $1,153, and bulls remain focused on reclaiming and holding a critical supply zone.
BNB retests a major supply zone
Over the past week BNB approached and briefly tested the area above $1,160. This retest occurred amid a broader market rebound and signals renewed buyer conviction. Binance Coin is aiming for a third consecutive green daily close.
BNB gained roughly 3% over the prior 24 hours, bringing its one-month advance close to 20%.
The last time BNB traded comfortably above $1,160 was in mid‑October, prior to the sharp collapse from its all-time high above $1,370. Since then the token has been moving inside an ascending channel pattern.
TradingView’s BNB price chart
On the daily timeframe the relative strength index (RSI) climbed from oversold territory into a neutral zone under 54, while the 4‑hour RSI sits near 65.
These momentum readings suggest selling pressure has eased, giving bulls more room to push higher before overbought conditions emerge.
A decisive daily close above $1,160 would strengthen the breakout thesis. In that scenario, bulls could target resistance levels at $1,185 and $1,215, with a successful run beyond those areas opening the path toward $1,300 and potentially retesting the all‑time high in the longer term.
On the downside, failure to hold $1,150 could invite selling that drags prices back toward $1,100 and possibly $1,080, where buyers may reemerge.
What’s next for BNB amid CZ’s pardon
BNB’s outlook has brightened following recent developments in the crypto space. In particular, the presidential pardon granted to Binance founder Changpeng “CZ” Zhao injected fresh optimism across the market, benefiting BNB and other tokens.
Zhao resigned as Binance CEO in 2024 after pleading guilty to violations related to anti‑money‑laundering rules connected to Binance’s business and served a four‑month sentence. BNB spiked shortly after the pardon announcement.
A central question now is whether the pardon increases the likelihood of Zhao returning to a prominent role at the exchange. While speculation persists, reports indicate he is currently focused on initiatives such as YZi Labs and other projects rather than an immediate return to Binance leadership.
Separately, BNB as the native, high‑throughput token of the BNB Chain has also benefited from fresh listings and increased accessibility on retail platforms like Coinbase and Robinhood, further supporting demand.
Given these factors, the retest of the $1,160 area is a meaningful development for both bulls and bears. A convincing break and hold above that zone could catalyze further gains, while a rejection would give the bears a clear tactical advantage and likely push prices back toward lower support levels.