Overview
- BNB trades near $1,125, up about 2.5% on the day and nearly 8% on the week after recovering from a drop to roughly $1,050 earlier this week.
- The token spiked as much as 7.9% in 15 minutes to around $1,165 following reports of a presidential pardon for CZ, with trading volume jumping and short positions liquidated.
- Analysts highlight $1,051 as key support and $1,157 as the hurdle to clear to open a path toward approximately $1,319.
- Failure to hold above $1,051 would undercut the structure and could leave the price vulnerable toward about $939.
- A broader crypto rebound provided support, with Bitcoin holding above $111,000 and Ethereum approaching $4,000.