BNB Price Reaction: Can Trump’s CZ Pardon Really Send Binance Coin to $2,000?

BNB (BNB) became one of the best crypto market performers following US President Donald Trump’s pardon of Binance founder Changpeng “CZ” Zhao.

The token has jumped by over 8.20% in the past three days, including a circa 5% rise following the Trump-CZ news. The crypto market rose by around 5.20% in the same period.

BNB’s rise further took cues from Coinbase’s and Robinhood’s listings earlier this week. Still, the token is down about 18% from its record high of around $1,375, established last week.

Can the Binance coin rise any further on Trump-CZ sentiment? Let’s examine.

Falling Wedge Breakout Targets $1,320 BNB Price

Technically, BNB has broken out of a falling wedge pattern, a bullish reversal setup that typically precedes strong uptrends. The breakout was confirmed by a surge in trading volume, signaling renewed buying interest following weeks of consolidation.

The pattern’s upside target sits around $1,320, derived from adding the wedge’s maximum height to the breakout level near $1,100. This target coincides with the October swing high, suggesting BNB could retest this zone if momentum sustains.

BNB’s 50-period exponential moving average (EMA; the red wave) around $1,115 has flipped into support, while the 200-period EMA (the blue wave)  near $1,098 continues to reinforce the bullish structure.

The relative strength index (RSI) hovers near 56, neutral but leaning positive, indicating further room for gains before overbought conditions emerge.

BNB May Jump to $2,000 Minimum: Crypto Patel

According to onchain analyst Crypto Patel, BNB has once again defended its critical 45-day moving average (MA) support near $1,060, a level that has historically marked the start of major bullish impulses.

The bounce from this MA coincides with a wider moving average compression, often signaling an upcoming volatility breakout.

Historically, every time BNB has tested the 45-day MA and held firm, it has rallied 20%–50% within two to three weeks. The 90-day MA at $941 further underpins this structure, acting as a long-term trend floor.

Patel notes several bullish confirmations now in play: sustained buying volume on dips, higher lows across daily charts, and tightening short-term MAs, all pointing to building upward momentum.

“The 45-day MA has been the line for BNB,” Patel emphasized, adding that “above it, bulls stay in control.”

His long-term view places BNB’s upside potential between $2,000 and $3,000, and even $5,000 if momentum persists.