- US President Donald Trump pardoned Binance founder Changpeng Zhao (CZ), boosting confidence in the crypto market
- CoinCodex predicts Binance Coin (BNB) could reach between $1,486 and $2,870 by 2029, representing a potential 157% gain
- BNB is currently trading around $1,115-$1,137 and has already risen nearly 100% over the past year
- Analysts see BNB consolidating near $1,100 support level, with $1,500 as the next resistance target
- Market sentiment shows 82% of voters are bullish on BNB’s price action
Binance Coin is showing signs of strength after US President Donald Trump pardoned Binance founder Changpeng Zhao. The pardon has increased confidence among crypto investors.
BNB is currently trading at approximately $1,115 to $1,137. The cryptocurrency has already gained close to 100% over the past year.
CoinCodex, a leading on-chain metrics firm, has released price forecasts for BNB. The firm projects the cryptocurrency could reach between $1,486 and $2,870 by 2029.
The upper target represents a potential 157% gain from current levels. The lower estimate still shows substantial growth potential.
For the shorter term, CoinCodex predicts BNB could reach $1,152 by November 24, 2025. This would represent a 3.5% increase from current prices.
The firm’s analysis shows BNB’s 200-day simple moving average will rise to $864.48 by November 24, 2025. The 50-day simple moving average is estimated to hit $1,152.67 by the same date.
Most analysts have issued buy recommendations for Binance Coin. The positive ratings reflect growing confidence in the cryptocurrency’s future performance.
Technical Analysis Points to Consolidation Phase
Crypto analyst Niels compared BNB’s current pattern to its 2021 performance. From early 2021 through July 2025, the coin showed minimal gains.
After breaking through resistance, BNB doubled in value within two months. Niels suggests this pattern could repeat across the broader altcoin market.
Another analyst, BitGuru, sees BNB consolidating at the $1,100 level. This accumulation phase could build momentum for the next upward move.
$BNB is consolidating around the $1100 zone building strength for its next big move….
If it breaks out of this range, the next major target sits around $1500….
Momentum is quietly growing patience here could pay off big! 🔥#BNB pic.twitter.com/IB44ggTS6U
— BitGuru 🔶 (@bitgu_ru) October 26, 2025
BitGuru identifies $1,500 as the next major resistance target if BNB breaks above current levels. The consolidation pattern suggests buyers are accumulating positions.
BNB’s 24-hour trading volume stands at $3.06 billion. The total market capitalization is $157.88 billion.
The price has increased 2.26% in the last 24 hours. This uptick may signal preparation for a larger move.
Market sentiment surveys show 82% of voters are bullish on BNB. Only 18% hold a bearish outlook on the cryptocurrency’s near-term prospects.
Binance Coin ranks among the top-performing cryptocurrencies in 2025. The token has maintained its position as a leading altcoin throughout the year.
