With the news of Binance founder Changpeng “CZ” Zhao’s U.S. presidential pardon spreading, Binance Coin (BNB) saw a rapid price surge. In a short span, BNB recorded an increase of over $100, stabilizing above the $1,100 threshold. According to data from CoinMarketCap, the cryptocurrency rose by 1.07% in the last 24 hours, trading at $1,112. The price reached up to $1,133 during the day, rekindling investor enthusiasm.
CZ’s Pardon Lifts the Market
The emergence of a “golden cross” formation in BNB’s price chart supports a bullish expectation. The 9-day moving average surpassing the 26-day average is generally considered a strong bull signal in technical analysis. BNB has the potential to retest its all-time high of $1,370, seen on October 13, 2025. However, low trading volume remains the most significant barrier to this surge.
Institutional Demand and New Partnerships Support BNB
The long-term outlook for Binance Coin gains strength with increasing institutional interest. Especially initiatives by financial giants like Franklin Templeton in the tokenized securities field enable BNB to find more use in financial services. Recently, Binance has entered various collaborations to enhance BNB’s ecosystem utility. These moves position the cryptocurrency beyond just being an exchange token to compete with major U.S. banks in the financial services sector.
Additionally, CZ’s pardon not only influenced BNB but also positively impacted general market sentiment. Bitcoin successfully stayed above $110,000, while other major altcoins like Solana and Ethereum also gained value. Investors believe a new wave of institutional entry may come in the last quarter of 2025.
Market Outlook and Key Factors
In conclusion, while BNB’s current technical outlook does not rule out a short-term correction, it indicates positive trends in the medium term. Increased trading volume and regained investor confidence could make the new target of $1,500 possible if the $1,250 resistance is broken. However, the overall market direction still depends on macroeconomic developments. The U.S. election process, interest rate decisions, and new regulatory moves are among the key factors determining BNB’s fate.