Binance Coin Price Projection sparked by Binance Founder CZ's request for Trump Pardon, causes traders to obtain ICO at no cost for Bitcoin
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The BNBcoin value has surged 1% within the past 24 hours, trading at $614 around 3:35 a.m. EST. This rise came on the back of a 1% escalation in trading volume, reaching $863 million.
A buzz erupted throughout the crypto space after reports hinted that Binance founder Changpeng Zhao (CZ) was mulling over a presidential pardon from Donald Trump, though it's essential to highlight that these reports have not been authenticated yet.
During an interview with host Farokh on Rug Radio, CZ shared that he was contemplating applying for a pardon, asserting that he wouldn't mind doing so despite earlier denials about any discussions related to a pardon. The news sparked widespread conversations about the crypto tycoon's intentions.
Source: That Martini Guy's twitter post
BNBPrice Nears Trendline Breakout - Aiming for $735!
The BNBUSDT pair isshowing pronounced bullish momentum as it approaches a significant descending trendline on the daily chart. Currently trading at $617.23, BNB's recent price movements indicate a surge in buying interest after several weeks of consolidation. Standing strong, BNB might exhibit a 18.7% increase, targeting the $735-$740 zone if the bullish setup remains solid.
The price chart reveals that BNB is attempting to break through a prolonged downward trend, starting in late December 2024. It has already crossed over the mid-line of the Bollinger Bands and is approaching the 200-day Simple Moving Average (SMA) at $635, which is a crucial level for a potential trend reversal.
Recapturing this level would confirm the onset of a new bullish phase, with technical forecasts suggesting a breakout target in the region of the previous swing high of $735.
Source:Tradingview
The Technical Picture Favors a Rally for BNB
Technical indicators strengthen the bullish outlook for BNB further. The Relative Strength Index currently stands at 60.24, signaling growing buyer power without crossing over into overbought territory. Moreover, the Moving Average Convergence Divergence (MACD) has also intersected above its signal line, pointing to intensifying bullish momentum.
This concordance of indicators, alongside robust support between $565 and $586, bolsters the probability of a price surge. If BNB can close above $635 on the daily chart, it would weaken the long-standing bearish trend and potentially lead to a more substantial rally.
Presently, BNB faces resistance where the trendline meets the 200-day moving average, with the next crucial obstacle just below $740. However, if BNB encounters a rejection at current levels, it might retreat to the blue support zone, and could experience a deeper pullback, dropping as low as $545.
The BTC Bull Token (BTCBULL) Presale hits a Thunderous $5.4M - The Next Potential High-Flyer?
While traders brace themselves for a prospective bullish BNB rally, the latest Bitcoin challenger token, called BTC Bull Token (BTCBULL), continues to skyrocket in its presale, smashing past $5.4 million in funding.
This Bitcoin-inspired meme coin, blending viral hype with tangible returns, has caught the attention of investors eager to experience the Bitcoin bull run without investing in BTC directly. With a unique model connected to Bitcoin's milestones, BTCBULL is making waves in the 2025 altcoin craze.
Source: BTCBULL_TOKEN's twitter post
BTCBULL rewards holders with Bitcoin airdrops when BTC reaches significant price marks, beginning at $150,000 and continuing every $50,000 increment up to $1 million.
These airdrops are exclusively available to BTCBULL holders within the Best Wallet app, with rewards scaled based on presale investment, promoting early participation. A remarkable event occurs at the $250,000 BTC level, where 10% of the total 21 billion BTCBULL supply gets distributed in a massive airdrop, potentially amplifying returns for long-term holders.
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- In the rapidly evolving world of finance and technology, the BNBcoin value is poised for a potential breakout, targeting $735, as indicated by strong technical analysis and bullish momentum.
- As the BNBPrice approaches a significant trendline breakout, investors are turning their attention to innovative crypto projects like the BTC Bull Token (BTCBULL), a meme coin that seeks to replicate the Bitcoin bull run by rewarding holders with Bitcoin airdrops tied to BTC's price milestones.
