**US President Donald Trump Pardons Binance Founder Changpeng Zhao, Boosting Confidence in Binance Coin (BNB)**
US President Donald Trump recently granted a pardon to Changpeng Zhao (CZ), the founder of Binance, one of the world’s largest cryptocurrency exchanges. This high-profile pardon has significantly boosted investor confidence in the crypto market, particularly in Binance Coin (BNB).
**BNB Shows Strong Performance and Bullish Outlook**
Currently, Binance Coin is trading in the range of $1,115 to $1,137. Over the past year, BNB has nearly doubled, gaining close to 100% in value. This impressive performance has attracted positive attention from both traders and analysts.
Leading on-chain metrics firm CoinCodex has released long-term price predictions for BNB, forecasting that the cryptocurrency could reach anywhere between $1,486 and $2,870 by 2029. The upper target suggests a potential gain of approximately 157% from present levels, while even the more conservative estimate points to substantial growth.
For the shorter term, CoinCodex projects BNB’s price could rise to about $1,152 by November 24, 2025 — representing a modest 3.5% increase. Their analysis also indicates that the 200-day simple moving average (SMA) for BNB is expected to hit $864.48, and the 50-day SMA may climb to $1,152.67 by the same date.
**Technical Analysis Suggests Consolidation Ahead**
Crypto analyst Niels has compared BNB’s current price action to its performance in 2021. Between early 2021 and July 2025, BNB showed relatively minor gains before breaking through resistance and doubling in value within just two months. Niels believes a similar pattern could be unfolding again, not only for BNB but across the broader altcoin market.
Another analyst, known as BitGuru, notes that BNB appears to be consolidating near the $1,100 support level. This accumulation phase could help build the momentum needed for an upward surge. BitGuru identifies $1,500 as the next significant resistance target to watch if BNB manages to break above current levels.
The ongoing consolidation suggests that buyers are gradually accumulating positions, preparing for a potential price rally.
**Market Activity and Sentiment**
Binance Coin currently boasts a 24-hour trading volume of approximately $3.06 billion and holds a total market capitalization of about $157.88 billion. Its price has increased by 2.26% in the last 24 hours alone, hinting at possible preparation for a larger upward move.
Market sentiment surveys reveal that 82% of participants are bullish on BNB’s near-term price action, while only 18% maintain a bearish outlook.
**BNB Maintains Status as a Leading Altcoin**
Throughout 2025, Binance Coin has remained one of the top-performing cryptocurrencies, solidifying its position as a leading altcoin in the market. The recent presidential pardon of Binance’s founder, combined with positive technical indicators and strong market sentiment, have all contributed to an optimistic outlook for BNB’s future.
Investors and enthusiasts will be watching closely as Binance Coin navigates its current consolidation and aims for new highs in the coming months and years.
https://coincentral.com/binance-coin-bnb-price-top-analyst-predicts-huge-gains-following-cz-pardon/
