BNB Price Rallies After High-Cost Push Wins CZ Pardon

BNB’s price has jumped 2% in the last 24 hours, climbing to $1,127, on a 9% jump in the daily trading volume to $2.54 billion.

That price increase comes after former Binance CEO Changpeng “CZ” Zhao received a pardon from US President Donald Trump following a costly lobbying effort in Washington. CZ served four months in prison in 2024 for breaking US Anti-Money Laundering laws. Binance spent months trying to win support from people close to Trump.

In September, Binance hired Checkmate Government Relations, a lobbying firm connected to Donald Trump Jr. The company was paid $450,000 for just one month of work focused on securing “executive relief” for CZ. Checkmate has brought in more than $7 million in the last three months. Earlier this year, Binance also hired crypto attorney Teresa Goody Guillén, paying her firm $290,000.

Binance previously spent over $1 million on lobbying in 2022 but paused after a 2023 plea deal. With Trump back in the White House, spending has returned, reaching $860,000 so far this year. Binance has also partnered with World Liberty Financial, which has strong links to Trump’s allies.

The decision has triggered backlash. US Representative Maxine Waters said Trump rewarded a “crypto criminal” and claimed the pardon came after months of lobbying and money ties that support Trump’s growing interest in the crypto industry.

BNB Holds Strong Above Support as Bulls Eye Fresh Breakout

BNB is showing strong momentum again after bouncing from a recent correction. The price is now near $1,127 as buyers keep defending key support levels and pushing the price upward. Traders are still positive about the trend and are watching to see if BNB will try to reach the recent highs near the resistance zone.

Earlier this year, BNB formed a double bottom around major support, signaling a possible trend change. That was followed by a bullish, cup-and-handle pattern that often leads to strong upward movement. After breaking out of this pattern, the price climbed fast, taking out buy-side liquidity and moving into a reward zone where many traders locked in profits.

BNBUSDT Analysis Source: Tradingview

The rally later reached a major resistance area near $1,300, where sellers stepped in and caused a pullback. Even with that drop, the price stayed above the important $1,000 level, showing that buyers are still in control. Right now, BNB is moving sideways as the market decides the next direction. As long as the price holds above the highlighted support zones, the bullish trend remains intact.

The RSI indicator is near the neutral line, meaning the market is not overbought or oversold. That suggests there is still room for a bigger move either up or down. If buyers push the price above the resistance zone, a new rally toward fresh highs is possible. If sellers win the battle, BNB could retest its lower support levels again.

BNB has been one of the top-performing large cryptocurrencies this year. The charts still show a strong uptrend, and many investors believe the price may continue rising if it breaks through resistance with strong volume. For now, the market is waiting for the next breakout to confirm the direction.