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The BNB price has climbed 1% in the last 24 hours to trade at $614 as of 3:35 a.m. EST on a 1% jump in trading volume to $863 million.
This surge in the BNB price comes as Binance founder Changpeng Zhao (CZ) seeks a presidential pardon from Donald Trump, sparking intense chatter across the crypto space.
In an interview on Rug Radio with host Farokh, CZ confirmed he is considering a pardon request, saying he “wouldn’t mind” applying, despite previously denying earlier reports that said he approached Trump for a pardon.
BREAKING 🚨 CZ JUST FILED FOR A U.S. PRESIDENTIAL PARDON FROM PRESIDENT DONALD TRUMP pic.twitter.com/QTmdOz6mvo
— That Martini Guy ₿ (@MartiniGuyYT) May 7, 2025
He also revealed that he was inspired by Trump’s past pardons of three BitMEX executives, including Arthur Hayes, and confirms his application was submitted roughly two weeks ago.
CZ stepped down as Binance CEO in late 2023 after pleading guilty to violating US anti-money laundering laws. The exchange agreed to a $4.3 billion settlement. He completed a four-month sentence and was released in September 2024.
BNB Price Approaches Trendline Breakout With $735 In Sight
The BNBUSDT pair is gaining bullish momentum as it tests a major descending trendline on the daily chart. Currently trading at $617.23, BNB’s recent movement signals renewed buying interest after weeks of sideways consolidation. If the bullish setup holds, BNB could rally as much as 18.7%, targeting the $735–$740 region.
The price action shows BNB attempting to break through a long-standing downtrend that began in late December 2024. It has already moved above the mid-line of the Bollinger Bands and is approaching the 200-day Simple Moving Average (SMA) at $635, a critical level for a trend reversal.
Reclaiming this level would confirm the start of a new bullish phase, with technical projections pointing to a breakout target near the previous swing high of $735.
BNBUSDT Analysis Source: Tradingview
BNB Price Technical Indicators Favor A Rally
Supporting indicators make the bullish outlook for BNB even stronger. The RSI is at 60.24, indicating increasing buyer strength without and placing the altcoin outside of overbought levels. Meanwhile, the MACD has also crossed above its signal line, pointing to growing bullish momentum.
Together with strong support between $565 and $586, those technical signs suggest a higher chance of the price increasing. If BNB can close above $635 on the daily chart, it would break the long-running bearish trend and could lead to a bigger rally.
Right now, the BNB price faces resistance where the trendline meets the 200-day moving average, with the next key barrier just below $740. However, if BNB gets rejected at current levels, it might fall back to the support zone in blue, and undergo a deeper pullback to possibly drop as low as $545.
BTC Bull Token Presale Crashes Past $5.4M – Next Crypto To Explode?
While BNB price traders gear up for a potential bullish rally, a new BTC rival token called BTC Bull Token (BTCBULL) continues to rocket in presale, crashing past $5.4 million in funding.
This Bitcoin-themed meme coin, blending viral hype with tangible rewards, is drawing investors eager to ride Bitcoin’s bullish wave without buying BTC outright. With a unique model tied to Bitcoin’s price milestones, BTCBULL is positioning itself as a standout in the 2025 altcoin frenzy.
Cope harder. 250k is programmed. 🚀 pic.twitter.com/4BQTdHIYuu
— BTCBULL_TOKEN (@BTCBULL_TOKEN) May 7, 2025
BTCBULL delivers real utility by rewarding holders with Bitcoin airdrops as BTC reaches major price milestones, beginning at $150,000 and recurring every $50,000 increment up to $1 million.
The airdrops are exclusively available to those holding BTCBULL in the Best Wallet app, with rewards scaled based on presale investment, encouraging early participation.
A major event comes at the $250,000 BTC level, where 10% of the total 21 billion BTCBULL supply will be distributed in a massive airdrop, significantly boosting returns for long-term holders.
Popular crypto analyst and YouTuber Jacob Bury, with over 56K subscribers, predicts that BTCBULL could surge 10x after launch.
In addition, BTCBULL’s deflationary design also boosts scarcity by triggering token burns with every $25K increase in BTC’s price, starting at $125K. This reduces the meme coin’s supply and potentially increases its value.
The project also offers staking with a high 76% APY, providing passive income opportunities.
BTCBULL tokens are priced at just $0.0025. Buyers who want to secure the best deal will want to act fast because BTCBULL’s price will increase as its presale progresses, with the next increase less than 21 hours away.
Purchases can be made using crypto or bank card directly on the BTC Bull Token website.
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