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BNB price reclaims $1,100 support as sentiment improves
BNB has bounced back above the $1,100 level, riding a wave of improving market sentiment and renewed confidence in Binance after the presidential pardon of founder Changpeng Zhao. Trading around $1,125 at the time of writing, the token gained roughly 2.5% in the last 24 hours and nearly 8% over the week, according to market data from crypto.news. The recovery followed a brief dip to about $1,050 earlier in the week before a strong rebound pushed prices past $1,160.
BNB price is gaining momentum, supported by the recent pardon of Binance founder Changpeng Zhao and broader recovery across the crypto market.
Market drivers: CZ pardon and broader crypto rally
The presidential pardon for CZ appears to have eased lingering regulatory concerns that weighed on Binance’s ecosystem. Investor confidence has improved, helping fuel demand for Binance Coin. This positive sentiment coincides with a wider crypto market rebound: Bitcoin is holding above $111,000 while Ethereum is approaching the $4,000 mark, both contributing to healthier market-wide liquidity and buying pressure.
Technical outlook: bullish setup but watch key levels
Technically, BNB looks constructive while it remains above daily support. Momentum indicators and volume have shown improvement during the latest leg up, suggesting bulls are attempting to reassert control. Still, traders should watch short-term ranges closely for confirmation of a sustained uptrend.
Key support and resistance
Current critical levels include immediate support at $1,051 and near-term resistance at $1,157. A clean break above $1,157 could open the path toward the next target around $1,319, a zone where the prior rally stalled and where stronger buying interest may emerge.
Downside risks
If BNB fails to hold $1,051, downside vulnerability increases, with a potential move toward $939 — a previous demand area. Such a drop would weaken the bullish structure and likely attract short-term sellers as market participants reassess risk amid changing sentiment or unfavorable macro headlines.
BNB price chart
What traders should watch next
Monitor volume on any breakout above $1,157 and follow broader crypto market cues from Bitcoin and Ethereum to confirm sustainability. On-chain metrics, exchange flows, and regulatory updates related to Binance will remain key catalysts for BNB price action. As long as the token maintains support and the market trend stays positive, bulls retain a clear path to test higher resistance zones.
In summary, BNB’s recent rebound reflects a mix of regulatory relief, improved market momentum, and technical recovery. Traders and investors should combine technical analysis with fundamental indicators — including news about Binance and broader market strength — to gauge whether this move will evolve into a lasting uptrend.
Source: crypto
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