- BNB price retested highs above $1,160 as the altcoin chases a third consecutive daily green candle.
- The pardon of Changpeng Zhao helped keep bulls in control and contributed to some of BNB’s gains.
- A macro upswing has Bitcoin above $115,000, and BNB eyes a potential rally toward $1,300.
The broad crypto-market rally pushed BNB to retest a critical price area around $1,160. These gains indicate the potential for a meaningful upward move, as analysts point to a significant week ahead for risk assets.
Trading around $1,153 at the time of writing, the bulls’ engagement with this key supply zone remains decisive.
BNB price retests key supply zone
Over the past week BNB has approached and briefly tested the zone above $1,160. This retest, occurring amid a wider market upswing, demonstrates sustained buyer conviction. The Binance coin has posted two consecutive daily green closes and is aiming for a third.
A 3% rise in the last 24 hours helped the token secure nearly 20% gains over the past month. BNB last traded above $1,160 in mid-October, before prices plunged from record highs above $1,370. The coin is now pushing higher inside a rising channel pattern.
The Relative Strength Index has climbed from oversold territory below 40 to a neutral reading of 54 on the daily chart, while the 4-hour RSI sits near 65. This rise in momentum, together with a divergence that suggests falling selling pressure, could give bulls room to push higher before overbought conditions appear.
A decisive daily close above $1,160 would validate a breakout. Bulls would then target resistance near $1,185 and $1,215, and a successful run could put the all-time high region above $1,300 back in play. Conversely, if bears defend $1,150, a pullback to $1,100 and then $1,080 could unfold.
What’s next for BNB after CZ’s pardon
BNB’s outlook brightened further after a recent high-profile development. Former Binance CEO Changpeng “CZ” Zhao received a presidential pardon, a move that rejuvenated both BNB and the wider crypto market.
Zhao served a four-month sentence in 2024 after resigning as Binance CEO and being found guilty of violations tied to anti-money laundering controls related to Binance’s operations. BNB rallied immediately following the pardon, but the bigger question is whether Zhao will return to the exchange. Speculation is widespread, though reports indicate CZ is focusing on YZi Labs and other ventures for now.
The native token of the high-throughput BNB Chain has also benefited from fresh listings on major platforms, including Coinbase and Robinhood, which supported liquidity and demand.
The retest of the $1,160 area therefore represents a key battleground for bulls and bears alike. If buyers can hold this zone and secure a breakout, BNB’s path toward higher resistance levels and potentially the $1,300 range will become clearer. If selling pressure resurfaces around $1,150, traders should be prepared for a corrective move back toward $1,100 or lower.