Binance Coin Surges 3.5% After CZ Meets Malaysia's PM

Binance CEO Changpeng Zhao, commonly known as CZ, recently met with Malaysia’s Prime Minister to discuss advancements in cryptocurrency and blockchain innovation. This high-profile meeting, which was announced on X, sparked a notable reaction in the cryptocurrency market, particularly for Binance Coin (BNB). Following the announcement, the price of BNB surged by 3.5% within just one hour, reaching $612. This significant price movement indicated a positive trend and attracted the interest of many investors, boosting their confidence in the cryptocurrency.

On April 22, 2025, the trading day for BNB began with a dynamic price action, demonstrating a strong bullish momentum. During the early trading session, BNB experienced a brief rise. A Golden Cross on the Moving Average Convergence Divergence (MACD) indicator at 00:40 UTC signaled this uptrend. However, at 01:40 UTC, BNB encountered an overbought situation on the Relative Strength Index (RSI), indicating a potential trend reversal. At 02:00 UTC, BNB resisted at $603.07 and experienced a short-term fall. Nevertheless, at 03:10 UTC, BNB found support at $598.09 and began to move up again. A Golden Cross on MACD at 04:10 UTC affirmed this uptrend.

At 07:30 UTC, BNB broke the resistance at $603.07 and continued its upward trajectory. At 08:30 UTC, BNB price resisted at $606.93 and dropped to $604.46. However, at 09:50 UTC, BNB found support at $604.46 and moved in an upward channel. A Golden Cross on MACD at 12:20 UTC affirmed this uptrend. Subsequently, at 14:55 UTC, BNB encountered an overbought situation on RSI, indicating a potential trend reversal. As expected, at 15:05 UTC, a pin bar followed by a full-body red candle signaled a downtime. BNB resisted at $611.91 and experienced a brief fall.

Conversely, at 21:15 UTC, BNB found support at $607.01 and moved up. At 21:45 UTC, BNB broke the resistance at $611.91, spiked, and reached $614.41. At 21:55 UTC, BNB resisted at $614.41, experienced a short-term fall, bounced back, and moved up. At 23:25 UTC, BNB broke the resistance at $614.41 and reached the day’s top price of $620. At 23:50 UTC, BNB resisted at $620, experienced a short-term fall, and closed at $616.83.

On April 23, 2025, the BNB trading day exhibited notable price fluctuations within key levels. During the early trading session, BNB began with a brief rise, demonstrating bullish momentum. At 00:20 UTC, BNB resisted at $620 and experienced a sharp decline. A Death Cross on MACD at 00:30 UTC reaffirmed this downtime. However, at 01:55 UTC, BNB found support at $612.22 and experienced an uptrend. A Golden Cross on MACD at 03:20 UTC asserted this uptrend.

At 04:50 UTC, BNB price movement breached a breakout, spiked, and reached $620. However, at 05:30 UTC, BNB encountered an overbought situation on RSI, indicating a trend reversal. At 05:35 UTC, BNB resisted at $620, experiencing a downfall. Based on the price analysis, BNB price movement is experiencing sharp shifts at the key levels. Currently, it is attempting to break the key support at $612.22. If it succeeds in its attempt, BNB could encounter a bearish trend. But if BNB fails in its attempt, bounces back, and breaks the key resistance at $620 and reach a new high. The meeting between Binance CEO CZ and Malaysia’s Prime Minister boosted Binance Coin (BNB) price significantly within 24 hours. According to the analyst's forecast, BNB could hit new highs if Binance implements its future development plans, as discussed with Malaysia’s Prime Minister.