Is BNB Bottoming Out? Binance Coin Rises ~25% Amid Trump Deal Rumors

BNB (BNB), the native token of the Binance ecosystem, has rebounded by circa 25% almost a week after dropping to $508.50, its lowest level in March. That includes the 11.65% gains secured after reports surfaced about the links between US President Donald Trump and Binance.

What’s The Rumored Deal Between Trump Family and Binance?

President Donald Trump’s family has discussed acquiring a financial stake in Binance.US, the American branch of the global cryptocurrency exchange Binance, according to a Wall Street Journal exclusive.

These discussions reportedly commenced after Binance reached out to Trump’s allies last year, proposing a business arrangement that could facilitate the company’s re-entry into the U.S. market. The potential investment might be channeled through World Liberty Financial, a crypto venture backed by the Trump family.

Trump and Binance?

This cycle keeps surprising me. I want green candles bitches. pic.twitter.com/5Wvh9RLRPd

— Ted (@TedPillows) March 13, 2025

Binance’s founder, Changpeng Zhao (commonly known as CZ), has been seeking a presidential pardon following his 2023 guilty plea to violating U.S. anti-money laundering laws, which resulted in a $4.3 billion settlement and a four-month prison sentence. Despite stepping down as CEO, CZ remains the majority stakeholder in Binance.

The specifics of the potential deal, including whether it is contingent upon a pardon for CZ, remain unclear. Neither Binance nor representatives for President Trump have provided comments on these reports. ​

Is BNB Bottoming Out Amid Trump Deal Rumors?

BNB is flashing a bullish reversal signal after forming a double bottom pattern on its three-day timeframe. This indicates a potential breakout toward $875 in the coming weeks.

The double bottom, a widely recognized bullish pattern, emerged after BNB tested support near $520 twice—once in February and again in early March—confirming a strong demand zone at this level. The pattern’s neckline stands near $665, representing the key resistance BNB must breach to validate the bullish setup.

A successful breakout above the neckline could trigger an upward move equal to the pattern’s depth—measured from the bottom support to the neckline—which suggests an upside target of approximately $875.

This level aligns with previous resistance zones from mid-2024, making it a key area for bulls to watch.

From a technical perspective, BNB has reclaimed its 50-day exponential moving average (EMA) at $629.9, while its 200-day EMA at $519.3 continues to provide long-term support.

The Relative Strength Index (RSI), currently hovering around 50.55, indicates neutral momentum, suggesting there is room for further upside if buyers step in with strong volume.

However, failure to break the neckline convincingly could keep BNB in a consolidation phase or even trigger another correction back toward $520.