BNB Price Set to Rebound as Market Sentiment Improves?

The price of BNB (Binance Coin) may be entering a new recovery phase as investor sentiment across the broader crypto market begins to improve. Analysts have been closely monitoring this trend following the wave of optimism that swept through the market in the latter half of the week.

Market Optimism Returns Following Trump’s Pardon of CZ

Investor confidence in BNB surged notably on Thursday, signaling that the positive shift in sentiment may not be temporary. The rally was sparked by the news that U.S. President Donald Trump had granted a full pardon to Changpeng Zhao (CZ), the former CEO of Binance.

CZ had previously faced charges related to money laundering activities in 2023 and pleaded guilty to some of these accusations. The incident came amid heightened regulatory scrutiny of centralized exchanges in the U.S. at the time.

Many analysts believe Trump’s decision to pardon CZ represents a pro-crypto policy shift within the U.S. administration. Such a move could reduce pressure on centralized exchanges seeking to expand within the U.S. market and potentially pave the way for more favorable regulatory treatment.

However, not everyone welcomed the decision. Congresswoman Maxine Waters criticized the pardon, arguing that Trump showed favoritism toward CZ due to his previous lobbying activities for the Trump family and his connections with World Liberty Financial (WLF).

In response, CZ stated that he remains committed to helping make the United States a global hub for digital assets and innovation.

BNB Jumps Over 5% Following the Pardon Announcement

The announcement of CZ’s pardon had an immediate positive effect on BNB’s price. After dipping to around $1,052 earlier in the week, BNB rebounded above $1,100, and as of this writing, it is trading near $1,128.

BNB Price Analysis | Source: TradingView

A deeper look at market data over the past 48 hours suggests that large investors (whales) have not yet fully committed to the rally. Their overall buying pressure remains weak, with an estimated $5.7 million in sell-side pressure on spot markets during this period, compared to less than $1 million in new inflows from these same addresses.

Conversely, the broader crypto market contributed roughly $40 million in net inflows into BNB on Thursday, signaling strong retail and institutional participation. However, over the past 24 hours, data indicates that more than $6 million in net capital has been withdrawn from spot exchanges — hinting that the midweek rally might be losing momentum.

BNB Chain Network Activity Shows Promising Signs of Recovery

While Trump’s pardon of CZ undeniably boosted short-term sentiment, it’s not the sole driver behind BNB’s recent strength.

The BNB Chain has seen a significant resurgence in DeFi activity over the past week. Transaction volumes across decentralized exchanges (DEXs) on the network fell to a seven-month low of $2.73 billion on October 18, marking the lowest point since early October. However, since then, the numbers have started to rebound.

Over the past 24 hours, DEX trading volume rose to $3.76 billion, the highest level in the last seven days.

BNB Chain DEX Trading Volume | Source: DeFiLlama

This recovery in on-chain volume suggests a renewed level of engagement among users, following a quiet period caused by concerns over taxation policies and liquidation events.

Beyond price and DEX volume growth, BNB Chain network activity has expanded sharply. The number of active wallet addresses increased from 2.52 million on October 19 to 3.09 million on October 23 — a rise of over 22% in just four days.

Similarly, transaction count on BNB Chain climbed from 18.84 million to 22.63 million within the same week.

These metrics collectively point toward a revitalized BNB ecosystem, reinforcing the coin’s potential for sustained demand growth and network strength in the coming weeks.

Outlook: Can BNB Sustain Its Recovery Momentum?

The combination of a political catalyst, a rebound in on-chain activity, and positive market sentiment presents a strong foundation for BNB’s continued growth.

However, analysts caution that whale accumulation and sustained capital inflows will be key determinants of whether BNB can maintain its upward trajectory. If major investors begin to participate more actively, the next target zone around $1,200–$1,250 could be within reach.

In contrast, a drop below $1,080 could signal renewed selling pressure, potentially dragging prices back toward the $1,000–$1,020 support range.

For now, the market consensus leans cautiously bullish — BNB’s recovery story appears intact, supported by improving fundamentals and renewed optimism across the crypto landscape.