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Yesterday — 1 November 2025Main stream

Binance Maintains Dominance In Bitcoin Futures Market; Records $1.88-T In Trading Volume

1 November 2025 at 21:00

While Bitcoin’s price action points to a relative scarcity of spot activity, recent on-chain data reveals an increasingly dynamic atmosphere within its futures market, especially on the Binance network.

Binance Dominates Futures Market As Trader Sentiment Sees Structural Shift

In a recent post on the CryptoQuant platform, crypto education institution XWIN Research Japan shares insights into developments in the Bitcoin futures market, with their key focus being the Binance network. According to the research institution, the world’s leading crypto exchange is maintaining its reputation after reaching its record high of $1.88 trillion in trading volume.

Bitcoin

At the same time, the trader sentiment within Bitcoin’s futures market evidently appears to be undergoing a transition, with data from the Bitcoin: Futures Taker CVD (Cumulative Volume Delta, 90-Day) informing the supposition. For context, this metric tracks the net difference between taker buy volume and taker sell volume over 90 days, revealing if the traders in the futures market are predominantly adding to its buying pressure or contributing to its selling pressure.

XWIN Research points out that as of the middle of 2025, Bitcoin’s taker buy volume dominated the futures market, as most traders accumulated positions. This period of accumulation, notes the analyst, was seen as the flagship cryptocurrency climbed above $100,000. However, from late August to the present, there has been a re-emergence of taker sell pressure, signaling the predominance of profit takers in the market.

What This Means For Price

Contrary to what this structural shift might be interpreted as, the educational institution explains that the market seems instead to be becoming more mature. A typical mature market, as XWIN Research points out, is one where the market participants manage their exposure, rather than chase any or all price spikes. 

The reappearance of taker sell pressure therefore signifies a growing inclination among traders to protect their gains nested within the $110,000-$115,000 price range. Historically, this kind of “moderation” has often been a sign of long-term strength. Binance’s $1.88 trillion in trading volume also lends credence to this view, as it reveals the presence of solid institutional confidence in the cryptocurrency’s long-term growth.

Aside from institutional backing, this trading volume also puts into perspective the width of global participation in the Bitcoin derivatives market. In the long run, the Bitcoin market could be in the early phases of a sustained and long-lasting expansion. At press time, Bitcoin is worth approximately $110,110. The premier cryptocurrency shows a slight growth of 0.40% in 24 hours. Also reflecting the online asset’s sideways movement is its net loss of 1.36% over the past seven days.

Bitcoin

Featured image from iStock, chart from Tradingview

Before yesterdayMain stream

Binance Turns Crypto Into Cash on the Spot with New QR Payments

31 October 2025 at 21:00

Last updated on October 31, 2025

This Article Was First Published on The Bit Journal.

Binance QR payments have officially gone live in Argentina, giving verified users a new way to spend crypto on daily purchases. According to the source, customers can now scan a merchant’s interoperable QR code through the Binance Pay app, select their preferred cryptocurrency, and pay instantly.

The system automatically converts the crypto into Argentine pesos so merchants receive local currency directly. This development turns digital assets into real-world spending power.

Rollout and Features

The launch of Binance QR payments allows verified users in Argentina to make purchases with more than 100 supported cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).

The feature connects with the country’s interoperable QR network, making it compatible with many merchants already using digital payment systems. According to the platform’s FAQ, this functionality is only available to individual users in Argentina.

There are spending limits to maintain compliance and stability. Each transaction can reach up to 1,500 USDT, while the total monthly cap is 5,000 USDT. Merchants do not need to manage wallets or worry about crypto volatility because all conversions to Argentine pesos are handled automatically by regulated local partners.

Users benefit from zero transaction fees and near-instant processing times. For a typical crypto holder, this means buying a coffee or clothing item can be as easy as sending a text message.

Why Binance QR Payments Matter

Binance QR Payments are essential for the crypto community as they connect trading and daily use. Argentina suffers from constant inflation and decreasing currency value, which has made crypto a great option for keeping one’s wealth. But with this project, the whole digital asset world is practically transformed into a convenient way to use that value in everyday life.

Merchants gain too. They receive pesos immediately without needing to understand blockchain or track crypto price swings. The system simplifies the process, removes friction, and helps small businesses tap into new customer bases who prefer digital currency.

Market analysts suggest this rollout could mark a new chapter for crypto adoption across Latin America. It highlights how digital assets can solve real-world problems rather than remain speculative instruments.

How It Works

  1. Open Binance Pay in the Binance app.
  2. Scan the merchant’s QR code.
  3. Choose the crypto you want to spend.
  4. Confirm payment and wait for instant conversion to pesos.
  5. The merchant receives funds in Argentine pesos through a regulated payment partner.

This streamlined process makes Binance QR payments faster and more practical than traditional banking systems, especially in economies with high transaction fees and currency instability.

Key Points to Consider

The service currently operates only for verified users based in Argentina. Asset volatility still exists before conversion, but once the transaction occurs, the merchant is shielded from crypto price movements. Regulatory compliance and merchant adoption will determine how quickly this feature scales beyond Argentina.

Conclusion

With Binance QR payments, crypto is taking its first big step into Argentina’s mainstream payment scene. It turns digital coins into spendable money and shows how blockchain technology can fit into everyday life.

For crypto enthusiasts, this marks the start of a more usable, practical ecosystem where digital assets can be moved from wallets into real-world value.

Glossary of Key Terms

  • QR Code: A scannable barcode used for instant transactions.
  • Cryptocurrency: A digital asset that uses encryption to secure transactions.
  • Stablecoin: A crypto token pegged to a stable currency like the US dollar.
  • Conversion Rate: The rate used to exchange crypto for fiat currency.
  • Interoperable QR Network: A payment system that allows cross-platform QR scanning.

FAQs About Binance QR Payments

Q1: Are Binance QR payments free to use?

Yes, users pay no extra transaction fees in Argentina.

Q2: Which cryptocurrencies can be used?

More than 100 digital assets, including BTC, ETH, and USDT, are supported.

Q3: What are the transaction limits?

Each payment can reach 1,500 USDT, with a 5,000 USDT monthly limit.

Q4: Do merchants receive crypto or pesos?

Merchants receive Argentine pesos through a regulated payment partner.

Q5: Is this service available outside Argentina?

No, it is currently limited to verified Argentine users.

Read More: Binance Turns Crypto Into Cash on the Spot with New QR Payments">Binance Turns Crypto Into Cash on the Spot with New QR Payments

Crypto Meets Reality: Binance QR Payments Roll Out in Argentina

Wave 3 Target Suggests That The XRP Price Is Headed For $10

31 October 2025 at 16:30

Crypto analyst XForce has predicted that the XRP price could rally to $10 on a wave 3 impulsive move to the upside. The analyst also indicated that the bottom was in for XRP even as the crypto market remains in a downtrend. 

XRP Price Headed To $10 On Wave 3 Move

In an X post, XForce told XRP holders to get ready for a rally to $10 or higher, which he described as a conservative wave 3 target. He noted that there are minor market inefficiencies in the local timeframes for the XRP price. However, the analyst added that the macro chart shows clear accumulation and a solid price floor after almost a year of distribution. 

Crypto analyst CasiTrades had also predicted that the XRP price could rally to as high as $10 on the wave 3 move. However, she predicted that XRP would crash to as low as $1.4 first to complete the macro wave 2 correction, which had begun around the largest liquidation event on October 10. 

XRP

XForce indicated that this projected crash to $1.4 for the XRP price was unlikely to happen. The analyst opined that the major low was in and alluded to the macro chart, which showed that the low had been broken, but XRP bounced hard from it. He added that XRP could stay in this current range for more distribution before the next leg up, but believes that predictions about a further downtrend are all “noise.”

The XRP price has continued to range between $2.4 and $2.6 as the market recovers from the October 10 crash, which saw XRP drop to as low as $0.77 on Binance. Meanwhile, it also dropped below the psychological $2 level on other exchanges. 

One Final Drop For XRP

Crypto analyst CasiTrades doubled down on her prediction that the XRP price would witness one final crash before a rally to the upside. She noted that the altcoin is reacting exactly as expected, having rejected the Wave 4 resistance near $2.68. She added that the price is now turning bearish and the RSI is making a new low, which is starting to confirm that Wave 5 down is underway. 

CasiTrades stated that breaking below $2.42 would confirm continuation toward the lower targets at $2.03 and $1.65. These two lower levels are said to have alignment with the Wave 5 extension. The analyst again indicated that the XRP price could drop to at least $1.65, which she noted is the macro .618 retracement. 

CasiTrades opined that this projected crash should complete the final wave of the correction before a massive wave 3 impulse to the upside. She added that once the bottom forms, the next impulse should be “fast and obvious,” with the XRP price cutting through resistance on the way to new highs. 

At the time of writing, the XRP price is trading at around $2.48, down in the last 24 hours, according to data from CoinMarketCap.

XRP

$35M ASTER transfer allegation against Changpeng Zhao debunked by onchain analysis

31 October 2025 at 17:36
Changpeng Zhao has denied any involvement in a purported $35 million ASTER token transfer, a claim on-chain analysis have confirmed was based on manipulated screenshots. Binance founder Changpeng Zhao denied his involvement in a purported $35 million transfer of Aster (ASTER) tokens.…

ai16z gains as Binance announces AI16Z to ELIZAOS token swap

  • AI16Z price has spiked more than 11% in the past 24 hours to hit $0.069.
  • Gains come amid Binance support for AI16Z to ELIZAOS token swap.
  • ElizaOS is an AI project that rebranded from ai16z in January.

AI16Z price is up by more than 11% in the past 24 hours and currently ranks among the altcoins defying broader cryptocurrency market downside pressure.

In the last 24 hours, altcoins such as Zcash and GHOST have gained as the privacy-coin narrative persists.

ai16z has also gained and is among the digital tokens that are looking to thrive on the back of major network support.

Binance to support AI16Z to ELIZAOS token swap

One of the likely catalysts for ai16z price in the past 24 hours appears to be Binance’s endorsement of the AI16Z to ELIZAOS token swap.

The exchange, the world’s largest by trading volume, is set to suspend AI16Z trading on its Binance Alpha platform on November 6, 2025.

According to details, the brief halt in trading will allow the exchange to facilitate the transition.

Specifically, Binance will support the token swap at the ratio of 1 AI16Z to 6 ELIZAOS.

“At 2025-11-06 10:00 (UTC), deposits of AI16Z tokens to Binance Alpha 2.0 Accounts will be suspended. Users should ensure they leave sufficient time for their AI16Z deposits to be fully processed prior to this time. After the event is complete, deposits of AI16Z will no longer be supported,” Binance wrote.

Trading of the elizaOS (ELIZAOS) token will resume at 2 pm UTC on Nov. 7, with users also able to deposit to their accounts.

What is ElizaOS?

ElizaOS began as the memecoin ai16z (AI16Z) inspired by the tech venture capital firm Andreessen Horowitz (a16z).

However, it has since transitioned to become one of the leading agentic operating systems, rebranding from ai16z to ElizaOS in January 2025.

The project’s token is issued on Solana’s network and allows for ElizaOS governance, AI agents payments and ecosystem rewards.

ElizOS leverages decentralized governance via its decentralized autonomous organization model and features AI-driven governance.

AI16Z price outlook

The token is also up amid a broader bullish outlook for artificial intelligence-related cryptocurrencies, with AI16Z price up more than 17% this past week.

Bulls have pushed this token from intraday lows of $0.055 to above $0.069.

If bullish momentum holds, the altcoin could target October 2025 highs above $0.10.

AI16Z Price Chart
AI16Z chart by CoinMarketCap

Daily volume is up 49% to over $62 million. Meanwhile, AI16Z has a total supply of 1.1 billion tokens, with a market cap of $76.4 million.

Given, some coins are seeing fresh momentum despite Bitcoin’s crash to lows of $106k on Thursday.

While the benchmark digital asset has since recovered to around $110,000 in early trading Friday, it is in the red on the day.

Top alts Ethereum, XRP and Solana are also battling as bulls attempt to reclaim key price zones.

 

The post ai16z gains as Binance announces AI16Z to ELIZAOS token swap appeared first on CoinJournal.

GFH Financial Group picks Binance Pay for crypto services in Bahrain

  • GFH App to enable instant crypto-to-fiat payments via Binance Pay.
  • The partnership boosts Bahrain’s role in GCC digital finance innovation.
  • Central Bank of Bahrain backs the service with PSP and stablecoin rules.

Bahrain’s GFH Financial Group has become the first Islamic investment bank in the Kingdom to integrate cryptocurrency payments directly into its banking app, marking a major milestone in the nation’s digital finance journey.

The partnership with Binance Pay enables GFH clients to perform real-time crypto-to-fiat transactions, bringing blockchain technology closer to traditional banking in Bahrain.

A first for Bahrain’s banking sector

Through this collaboration, GFH customers can now use Binance Pay within the GFH app to fund investments instantly and securely.

The feature allows users to convert digital assets into local currency without leaving the bank’s ecosystem, streamlining what was once a complex process.

This innovation eliminates the need for third-party exchanges for simple conversions, bridging the gap between crypto and conventional finance.

The service is powered by Binance Pay’s infrastructure, ensuring fast and low-cost transactions.

Clients can top up fiat e-wallets, custody both fiat and cryptocurrencies, and complete investment subscriptions within seconds.

For GFH Financial Group, the partnership is a defining step in its digital transformation strategy, designed to enhance accessibility and efficiency for customers managing digital and traditional assets alike.

Regulatory backing strengthens the launch

The Central Bank of Bahrain (CBB) has played a crucial role in supporting this advancement.

Earlier this year, it granted BPay Global B.S.C.(c) — a Binance Group company — a Payment Service Provider (PSP) license to operate in the Kingdom.

The license enables BPay Global to facilitate fiat and crypto custody, manage e-wallets, and process payments securely under the CBB’s supervision.

In parallel, the CBB introduced a stablecoin framework allowing both USD-backed and Bahraini dinar-pegged stablecoins to circulate in the local market.

This regulatory clarity provides a strong foundation for integrating crypto within the financial system, offering stability and ensuring compliance with international standards.

Financial experts say these policies strengthen Bahrain’s position as a crypto-friendly jurisdiction within the Gulf Cooperation Council (GCC).

Bridging traditional banking with blockchain

Osama Nasr, Chief Digital Banking Officer at GFH Financial Group, described the initiative as a transformative step that bridges traditional banking with blockchain technology.

“By bridging traditional banking with blockchain technology, we are introducing a new era of convenience, security, and accessibility for our customers,” Nasr said.

Nasr emphasised that this integration aligns with GFH’s broader goal of delivering smarter and more connected financial experiences.

From Binance’s side, Tameem Al Moosawi, General Manager of Binance Bahrain, highlighted the partnership’s alignment with Bahrain’s economic vision. “

We are contributing to a more competitive and sustainable digital economy. This partnership not only enhances financial innovation but also fosters digital literacy and positions the Kingdom as a leader in the future of finance,” he noted.

Regional momentum in crypto integration

The GFH–Binance partnership reflects a growing trend across the GCC, where financial institutions are increasingly adopting blockchain-based solutions.

In the UAE, Liv Bank, a subsidiary of Emirates NBD, has teamed up with Aqua Now for fiat-crypto settlements, while RAKBANK has partnered with BitPanda to offer similar services.

Together, these developments illustrate how Gulf countries are moving toward harmonising digital assets with established banking systems.

In Bahrain, the combination of regulatory foresight, Islamic finance principles, and fintech innovation has created fertile ground for crypto adoption.

GFH Financial Group’s integration of Binance Pay not only enhances the local banking experience but also signals Bahrain’s readiness to compete as a regional hub for digital finance.

The post GFH Financial Group picks Binance Pay for crypto services in Bahrain appeared first on CoinJournal.

Binance Wallet integrates Bubblemaps for enhanced on-chain analytics

30 October 2025 at 15:15
Binance Wallet has partnered with Bubblemaps to bring on-chain analytics to its non-custodial Web3 Wallet. Bubblemaps goes live on Binance Wallet Binance’s non‑custodial Web3 Wallet has partnered with onchain analytics platform Bubblemaps, giving its users access to bubble‑map visualisations of…

Analyst Reveals What Traders Are Missing After The Bitcoin Price Spike To $116,000

29 October 2025 at 21:00

Crypto analyst Adez has revealed what most traders are missing following the Bitcoin price rally to $116,000 earlier this week. The analyst suggested there is no reason to be bullish right now, as BTC is likely to decline further before breaking out to the upside. 

What Traders Are Missing From The Bitcoin Price Action

In an X post, Adez noted that the Bitcoin price pumped from around $111,000 to $115,500 and that everyone thinks a breakout is happening. However, the analyst opined that the rally was just a trap. He explained that BTC actually swept the Value Area High at $114,600, but the Cumulative Volume Delta (CVD) barely moved. 

Adez further revealed that the open interest was completely flat, indicating that zero money came in for the move on Binance. The funding rate was also still at 0.01%, which is “dead neutral,” and nobody was excited about the Bitcoin price rally. In other words, he explained that the breakout happened with no institutional support, no new capital, and no retail FOMO, which is why the analyst believes the move was just a liquidity grab. 

Bitcoin

As to what happens next, Adez stated that this is a classic pattern after sweeping resistance with weak conviction, which leads to a sharp reversal. He urged investors and traders to watch the next few H4 candles to see if the Bitcoin price rejects back below $114,600, forms a lower low, and the CVD starts dropping. 

For a break of structure to be confirmed, the Bitcoin price needs to break below the H1 at 114,839 and then the H4 at 113,560. Once that happens, Adez predicts that there is an 85% probability that BTC will head to the real support between $104,000 and $106,000 within seven to ten days. Notably, BTC has broken these two levels and may now be at risk of dropping to these support levels as the analyst has predicted. 

Why This Price Action Is Plausible

Adez explained that this Bitcoin price action makes sense because November is historically 60% bullish and that Q4 has averaged 65% wins. However, he noted that these rallies didn’t start from thin air at $115,000. Instead, they start from value zones where institutions can accumulate before BTC rallies. 

The analyst highlighted $109,000 as the point of control, while between $104,000 and $106,000 is the Value Area Low, where there are also billions in buy orders. He added that the current Bitcoin price action is floating above real support, which is exactly where smart money dumps before the real move begins. 

As such, Adez expects retail to buy the breakout at $115,000 and get stopped out on the reversal. Then, they miss the real entry between $104,000 and $106,000. On the other hand, Smart Money sells into this pump, waits for the sweep down, then loads up at between $104,000 and $106,000 and rides the Bitcoin price rally to above $130,000

At the time of writing, the Bitcoin price is trading at around $113,000, down in the last 24 hours, according to data from CoinMarketCap.

Bitcoin

Memecoin Tied to CZ Statue Crashes 99% After Binance Founder Disowns It

A Washington, D.C. statue of Changpeng “CZ” Zhao became the center of a memecoin frenzy after the “czstatue” token surged 27,000% in a day before collapsing to near zero.

XRP Final Test: Will Wave 4 End With One More Shakeout Before Liftoff?

29 October 2025 at 07:00

XRP hovers at a key resistance, signaling a crucial decision point. With momentum building, traders now wonder, will one final dip come before the next major breakout?

XRP Faces A Crucial Decision Zone Amid Ongoing Range

CasiTrades, in a recent market update, highlighted that XRP continues to range within a critical zone, keeping its setup for a potential final wave down valid. The analyst noted that the price remains at a key decision point, with ongoing tests of the Wave 4 highs acting as a firm ceiling against further upside movement. 

According to CasiTrades, the pivotal level to watch is $2.82 on Binance. A confirmed breakout and sustained hold above this resistance would invalidate the bearish setup and signal renewed bullish momentum. However, XRP has so far failed to push through, maintaining a range-bound structure between support and resistance, a sign that the market has yet to commit to a clear directional trend.

XRP

The analyst emphasized that a V-shaped recovery typically breaks through resistance with strong conviction, but such a move has not been seen here. Instead, XRP’s hesitancy indicates that selling pressure may still be present, preventing a clean continuation to the upside. 

Exchange Variations Add Complexity To Market Analysis

CasiTrades went on to explain that most major exchanges are now aligning around their key Fibonacci retracement levels, particularly the 0.618 zone. On Binance, this range sits between $1.35 and $1.46, which the analyst identified as the area where the next corrective wave could complete. According to the expert, this move would finalize the macro Wave 2 correction, paving the way for a powerful Wave 3 impulse that might propel XRP toward $6.50 or even $10.

The analyst emphasized that these lower price levels shouldn’t be viewed as a cause for concern but rather as valuable accumulation opportunities for long-term investors. Historically, zones like these have marked points of strong institutional buying and major trend reversals, presenting some of the best risk-to-reward setups before a large bullish expansion.

CasiTrades also noted that exchange discrepancies add a layer of complexity to the analysis. For instance, during a recent liquidation event, Binance briefly fell to $0.77, while Coinbase never reached its .618 retracement. This variation means traders should always chart on the specific exchange they plan to execute trades on, as price reactions can differ slightly between platforms. In conclusion, the analyst noted that until XRP breaks and holds above $2.82, the market structure still supports the idea of one final downward wave before a major upward cycle begins.

XRP

Solana’s DeFi Stack Expands With SolsticeFi’s Risk-Controlled Yield Platform — Here’s How

29 October 2025 at 04:00

The Solana decentralized finance (DeFi) ecosystem just gained another powerful addition with the launch of SolsticeFi. This innovative new platform is poised to introduce a much-needed layer of risk-controlled yield generation, directly addressing one of the primary concerns for users venturing into the safety of their deposited capital.

SolsticeFi is reimagining how investors earn on Solana by introducing a defensively engineered approach to yield, one that directly protects the value of user deposits. According to crypto commentator Madissa’s post on X, one of SolsticeFi’s most compelling features is its ability to allow users to continue earning staking rewards while keeping their assets liquid and usable across the broader DeFi ecosystem.

How SolsticeFi Balances Risk While Generating Yield

This innovation created continuous opportunities for user to deploy their capital in other protocols without interrupting their base yield, instead of locking up funds. SolsticeFi platform is designed to prioritize full transparency and validator diversification, minimizing exposure to single-validator risks and opaque yield platforms. Furthermore, depositing capital into SolsticeFi provides support for SOL’s network security while generating sustainable returns for users.

Related Reading: Solana Stays Strong: Network Outperforms Rivals Amid AWS Outage Turmoil

Crypto analyst Hokage has also mentioned how Solana is improving and completely revolutionizing financial transaction speeds in traditional finance (TraFi), where transfers take days, settlements drag, and middlemen slow everything down.

SOL has changed the game by creating a new block every 400 milliseconds, and currently, the central to this acceleration is Bam, the new block assembly marketplace. This Bam will speed up how quickly user transaction gets picked up and integrated into a block, and slash inclusion times to an astonishing 50-100 milliseconds. Building on this is Alpenglow, which takes finality down to an incredible 100-150 milliseconds faster than a blink, and the point where the network confirms the user transaction is 100% done and irreversible.

One project that stands out in these ultra-fast ecosystem steps is SolsticeFi’s USX, a stablecoin specifically built to move at that speed, which enables users to send dollars, deploy capital, and settle instantly. Hokage concluded that “while these advancements might sound like pure sci-fi, if you’ve been around the SOL ecosystem, you would know it’s not.”

Market Confidence Returns To Solana

While SolsticeFi provides speed and reduces risk to Solana yield platforms, KOLS Manager at Binance, investor, and trader BitGuru, has noted that SOL’s price is currently showing a strong bullish setup, after following a steady downtrend and now stabilizing near key support.

As a result of that action, the SOL market is now pulling back with considerable strength, aiming to break above the critical $210 resistance level, a zone that has capped multiple attempts at recovery. A decisive breakout above $210 would likely trigger SOL’s next leg higher toward $230 and beyond.

Solana

BNB price retests $1,160 as bulls eye $1,300 rebound amid CZ pardon boost; check forecast

  • BNB price retested highs above $1,160 as the altcoin looks for third green daily candle.
  • Changpeng Zhao’s pardon helped buoy bulls and has driven part of the BNB gains.
  • A macro lift has Bitcoin above $115,000 and BNB eyeing a potential rebound to $1,300.

The uptick across the crypto market has seen the BNB price retest a critical price level around $1,160. Gains signal the potential for significant upward movement, particularly as analysts point to a big week ahead for risk assets. 

With price hovering at $1,153 as of the time of writing, bulls’ flirtation with the pivotal supply zone remains critical.  

BNB price retests key supply zone

BNB’s price action over the past week has seen the token approach and briefly test the area above the $1,160 level.

This retest, occurring amid a broader market rebound, demonstrates robust buyer conviction. Binance coin has recorded two consecutive green daily closes and eyes a third.

Indeed, the 3% uptick in the past 24 hours has the exchange token holding onto a nearly 20% tick up over the past month.

The last time it traded above $1,160 was in mid-October, which is when prices crashed from all-time highs above $1,370. BNB has broken higher amid an ascending channel pattern.

Binance Coin BNB
BNB price chart by TradingView

The Relative Strength Index has climbed from oversold territory below 40 to a neutral 54 on the daily chart. The RSI is around 65 on the 4-hour chart.

A divergence suggests diminishing selling pressure. This could give bulls more room to wiggle upwards before overbought conditions come into view.

In this case, a decisive close above $1,160 could validate a breakout.

Bulls will target the next resistance at $1,185 and $1,215, and success will bring the ATH above $1,300 into play. However, failure to hold off bears at $1,150 might see a pullback to $1,100 and then $1,080.

What next for BNB amid CZ pardon

The horizon for BNB is considerably brighter with a recent development in mind.

In particular, President Donald Trump’s pardon of Binance founder Changpeng “CZ” Zhao not only invigorated BNB but the broader crypto market.  

Zhao served a four-month sentence in 2024, having stepped down as Binance CEO and convicted of violations of anti-money-laundering guidelines as tied to Binance’s operations. 

BNB surged immediately after Trump’s pardon. But the bigger question is whether Zhao’s pardon means he could return to the exchange behemoth.

Speculation is rife, but CZ is said to be more focused on YZi Labs and other initiatives.

The native token of the high-throughput BNB Chain has also benefited from fresh listings on platforms like Coinbase and Robinhood.

The retest of $1,160 could thus mark a key zone for both bulls and bears.

The post BNB price retests $1,160 as bulls eye $1,300 rebound amid CZ pardon boost; check forecast appeared first on CoinJournal.

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