BNB Price Prediction: Traders Bet Big on Trump Pardon for Binance Founder CZ – $2,000 Next?

Core Insights - BNB briefly surpassed $1,080 before settling around $1,004, influenced more by political speculation than fundamentals, particularly regarding the potential pardon of Binance founder Changpeng Zhao by US President Donald Trump [1][2] - Zhao, who stepped down as Binance CEO in 2023 and served a short prison term related to a $4.3 billion settlement with US regulators, has seen his chances of a pardon valued at over 60%, although these odds have recently decreased [2] - The potential for a pardon is seen as a significant factor that could positively impact Binance's regulatory future and the value of its native token, BNB [2][6] Price Analysis - BNB has broken above a long-standing ascending channel, indicating a major breakout and the potential for higher price targets, with a recent high of $1,083 [4] - If the upward momentum continues, BNB could reach $1,500 and potentially $2,000 by year-end, supported by bullish momentum indicators such as RSI and MACD [4][5] - However, if the price declines below the breakout point, BNB may revert to its previous range, with support around $760 [5] Political Influence - The price trajectory of BNB is now closely linked to both technical signals and political developments, particularly the possibility of a Trump pardon for Zhao, which could act as a strong bullish catalyst [6] - Without the political support, the sustainability of BNB's momentum will depend on its fundamentals and the overall Binance ecosystem [6] Market Developments - As BNB approaches the $2,000 mark, Bitcoin Hyper ($HYPER) has gained attention, securing over $17.69 million in its presale, indicating strong market interest in new crypto projects [7] - Bitcoin Hyper aims to create a full ecosystem on Bitcoin, offering speed and low fees similar to Solana, while maintaining the security of the Bitcoin network [8]