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The BNB price pumped 4% in the last 24 hours to trade at $578.24 as of 3:56 a.m. EST on trading volume that surged 52% to $1.7 billion.
This comes after former Binance CEO Changpeng “CZ” Zhao denied many of the claims in a Wall Street Journal (WSJ) report suggesting that he has been actively seeking a federal pardon from US President Donald Trump.
4. Sorry to disappoint. The WSJ article got the facts wrong.
More than 20 people have told me they were asked by the WSJ (and another media), "Can you confirm that CZ made some deal for a pardon?"
They probably asked hundreds of people to have 20 people reach out to me. In… https://t.co/ELyDPmKD3G
— CZ 🔶 BNB (@cz_binance) March 13, 2025
WSJ also reported that representatives of Trump’s family have held talks to take a financial stake in the US arm of crypto exchange Binance, which CZ has said is not true.
Binance Coin Price Analysis Shows A Potential Breakout From Falling Wedge
The BNB price analysis chart shows that the token has been trading inside a falling wedge, a bullish pattern that suggests a potential breakout to the upside.
The Binance Coin price recently reached the wedge’s upper trendline resistance, indicating a possible breakout attempt.
Meanwhile, the price of BNB is hovering around the 50 Simple Moving Average (SMA) on the 4-hour chart at $575.34, which could act as short-term support.
The 200 SMA ($619.18) is a major resistance level, a breakout above this would confirm a strong trend reversal, according to data from GeckoTerminal.
Moreover, the Relative Strength Index (RSI) is slightly above 50, suggesting neutral to slightly bullish momentum. If the RSI pushes above 60-65, it would confirm stronger bullish momentum.
The Moving Average Convergence Divergence (MACD) line (blue) is crossing above the signal line (orange), which is a bullish crossover. A positive sign for upward movement.
BNB Price Prediction
As indicated in the chart, a confirmed breakout above the wedge could push WBNB/USD toward $680, representing a 17.98% surge.
However, a rejection at the resistance could cause a pullback toward $550–$520 before another breakout attempt.
Meanwhile, investors are flocking to buy a new Solana project called Solaxy (SOLX), which the popular YouTube channel 99Bitcoins, with over 725K subscribers, says has the potential to soar 100X post-launch.
Solaxy Presale Racing Towards $27 Million—Next Crypto To Explode?
Solaxy, a new layer-2 scaling solution for Solana, has raised more than $26.2 million in its presale in less than two months.
The project aims to address Solana’s network congestion issues by implementing off-chain processing mechanisms similar to Ethereum’s layer-2 solutions. This model has already been proven successful on Ethereum through platforms like Arbitrum and Optimism.
The system enhances efficiency by processing transactions off of Solana’s main chain, bundling them together, and then submitting them to the mainnet for final verification.
🚨 Solaxy is now live in Upcoming Tokens! 🚨@SOLAXYTOKEN gives holders an opportunity to join the first-ever Solana Layer 2 blockchain.
Solaxy is set to enhance blockchain innovation through limiting congestion, reducing failed transactions, and improving scalability on SOL.… pic.twitter.com/satNF6zFNF
— Best Wallet (@BestWalletHQ) December 17, 2024
Solaxy’s approach to transaction processing directly addresses one of Solana’s biggest challenges: network congestion.
Once launched, Solaxy will also provide a platform where developers can build decentralized applications or launch new tokens without compromising Solana’s layer-1 capabilities.
Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.001662 each using BNB, ETH, USDT, or a bank card. Solaxy also offers holders who stake its SOLX token a huge annual yield of 156%.
Buy before a price hike in a little more than 5 hours to lock in the best deal.
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