BNB just flipped a critical level and the timing couldn’t be louder: as market confidence rebounds and former Binance CEO Changpeng Zhao receives a presidential pardon, the token has reclaimed the $1,100 handle and is pushing into resistance—hinting that bulls may not be done. With Bitcoin holding above $111,000 and Ethereum nearing $4,000, BNB’s recovery is riding both a sentiment shift and a constructive technical setup that traders can actually use.

What’s happening now

BNB is trading around $1,125, up roughly 2.5% on the day and nearly 8% on the week. After an early dip toward $1,050 on Tuesday, buyers stepped in, driving price above $1,160 at the weekly high. The rebound aligns with easing regulatory overhang following CZ’s pardon and a broader crypto risk-on tone.

Why this matters to traders

- Regulatory uncertainty has weighed on exchange tokens; a perceived reduction in headline risk can compress risk premia and improve order book depth. - Stronger majors (BTC, ETH) are lifting beta across the board, and exchange tokens often outperform during early phases of market recoveries. - BNB’s structure has clear, tradable levels, allowing for defined-risk entries rather than chasing momentum blindly.

Key levels to watch

• Support: $1,051 (daily support). Lose this on a closing basis and momentum weakens.
• Near-term resistance: $1,157. Acceptance above turns the range into a potential launchpad.
• Upside target: $1,319 (next major resistance and prior rally stall zone).
• Downside risk: $939 (historical demand; potential liquidity magnet if support breaks).

Actionable setups

• Breakout-retest: Wait for a daily close above $1,157. If price retests and holds it as support, consider a momentum entry targeting $1,300–$1,319. Invalidation: back below $1,157 on volume.
• Range trade: If price stalls below $1,157, fade wicks into resistance with tight stops, aiming for mid-range toward $1,100–$1,105. Invalidation: strong 4H close above $1,160.
• Deeper dip buy: If $1,051 fails, watch the $980–$1,000 liquidity pocket or the $939 demand zone for mean-reversion bounces. Invalidation: daily close below $939.
• Risk management: Size positions expecting elevated volatility around resistance breaks; use stop placement beyond obvious swing highs/lows to avoid wick hunts.

Market context

The CZ pardon has improved perception of Binance’s long-term operational stability, which historically correlates with stronger BNB flows from fee discounts and ecosystem activity. With majors firm and alt breadth improving, a decisive BNB push through $1,157 would likely invite trend-following capital and force short covering.

Risks to the view

- A sharp reversal in BTC or ETH could invalidate breakout structures across alts. - Any renewed regulatory headline risk could reprice exchange tokens quickly. - Failure to hold $1,051 would shift control back to sellers and expose the $939 zone.

Bottom line

As long as BNB holds above $1,051 and reclaims $1,157 with conviction, bulls have a clean runway toward $1,300–$1,319. If support fails, step back and let price come to you at deeper demand, rather than catching a falling knife.

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