BNB Price Rebounds From $1,060 as Speculation Builds on CZ’s Return

BNB price bounced off an important support level and has started to gain traction around $1060. Binance market data has seen renewed confidence in the recovery.

With this, speculations about the return of Changpeng Zhao are intensifying. Analysts are now predicting a volatility squeeze and potential breakout.

BNB Price Defends the 45 Day Moving Average

Binance coin has successfully held its 45-day moving average at $1,060. That’s a significant reversal level in the bullish context. According to CryptoQuant data shared by NekoZ, this line has triggered 20-50% rallies on several occasions in past cycles.

The recent rebound strengthened the technical support structure. The traders are noticing strong buy-side pressure near the 45-day MA. Every re-test of this level has been followed by swift upward movement.

This indicates that traders are confident in the mid-term resilience of BNB. Moreover, NekoZ noted that the volatility squeeze seems imminent. It is often the beginning of large directional moves. The

7 to 14-day timeframe in advance is considered to be important for momentum confirmation. Traders are now watching for a decisive breakout for the BNB price above $1,200. This could boost bullish sentiment.

If the Binance Coin price continues on its current course, the short-term targets are between $1,300 and $1,500. Meanwhile, long-term projections are still anchored between $2,000 and $3,000.

They are consistent with the historical recovery of BNB price patterns during similar phases of the market.

Betting Markets Fuel Speculation on CZ’s Return

Simultaneously, bets on Changpeng Zhao’s possible return to the Binance CEO position have surged across crypto markets. Donald Trump’s full pardon sparked a surge in betting on PolyMarket. The platform saw a sharp rise in activity tied to related predictions.

PolyMarket data shows Zhao’s chances of returning as leader hit 62%. This jump happened within just a few hours. The comeback token has already achieved a trading volume of over $47,000. This shows an increase in confidence among traders in Zhao’s comeback.

Notably, the anticipatory market began on September 19, 2025. It started approximately one year after Zhao served his four-month sentence for a violation of the money laundering law.

However, there was a dramatic shift in sentiments after the official announcement of Trump’s pardon on October 23. The renewed optimism is a growing market belief in the Binance leadership reshuffle.

Traders are looking at Zhao’s potential reinstatement as a driver of institutional confidence and ecosystem stability.

Industry Reacts to Presidential Pardon Announcement

The crypto industry is still split after the announcement of Zhao’s pardon. Supporters like Cardano founder Charles Hoskinson welcomed the move. He saw it as the first step toward correcting the situation. It also signaled new clarity around regulation.

Nonetheless, not all the reactions are good. Senator Elizabeth Warren was quite obscure on the pardon, labeling it as political interference. Her new request for enhanced regulation is reflective of the tension between policymakers and the digital assets sector.

Despite the division in political opinion, the news was well-received by the cryptocurrency market in general. Trading volumes on major exchanges like Binance surged. Investors saw the pardon as a key turning point for U.S. crypto regulation.

The news came as President Trump declared he wants to end the “war on crypto.” His statement aligned closely with the timing of the pardon. Traders believe that the stance may influence the direction of policy and investor sentiment over the coming months.

BNB Price Targets $3,000 as Market Momentum Gathers Force

Meanwhile, Binance Coin is still showing signs of renewed strength amidst the evolving market conditions. The token’s rebound boosted optimism about Zhao’s possible return to power. Investors believe this could positively influence Binance and support BNB price growth.

NekoZ emphasized that defending the $1,060 level is historically meaningful and is followed by large moves to the upside. This pattern has been visible since mid-2024. It positions Binance coin for a potential expansion phase if current conditions hold.

Furthermore, buying volume has steadily increased with each bounce, and this is the accumulation behavior of long-term holders. Analysts now anticipate a move to the $1,200-$1,500 range in the short term, provided momentum continues.