The post BNB Prices React to CZ Zhao’s 500 BNB Donation for Earthquake Relief with Optimistic Market Sentiment appeared on BitcoinEthereumNews.com.

In a significant move for cryptocurrency’s role in humanitarian aid, Binance co-founder Changpeng Zhao has donated 500 BNB to earthquake relief in Thailand and Myanmar. This timely donation comes in the wake of a devastating 7.7-magnitude earthquake that resulted in numerous casualties, underscoring crypto’s potential to respond rapidly to disasters. According to a statement from COINOTAG, Zhao’s contribution not only supports immediate relief efforts but also signals a shift in market sentiment for BNB, aligning philanthropic actions with investor confidence. Binance co-founder Changpeng Zhao’s 500 BNB donation for earthquake relief boosts market sentiment as BNB price surges, highlighting crypto’s humanitarian potential. BNB Rejects Key Resistance Level Following Donation In the wake of Zhao’s generous donation, BNB’s price has seen a notable reaction, rejecting the critical $608 resistance level and experiencing a 2% surge. The prevailing market sentiment surrounding Binance Coin has shifted positively, as both technical and on-chain indicators display bullish signals. The stochastic RSI currently residing in the oversold zone hints at a potential price reversal to the upside, suggesting traders should remain vigilant. Furthermore, the overall structure of the altcoin market has begun to reflect an upward trend, with recent gains over the past two weeks providing a sturdy foundation for continued price appreciation. Market participants are keenly monitoring BNB’s movements, anticipating further favorable rallies should key resistance levels be successfully breached. Source: TradingView Liquidation Data Signals Potential for Further Gains Adding to the positive outlook for BNB, recent liquidation data illustrates another layer of bullish momentum for the asset. An analysis from COINOTAG utilizing Coinglass data indicates that around $5.87 million worth of BNB is poised for liquidation at the $648 price level. This accumulation of liquidation pools implies a significant increase in buying pressure, which is expected to bolster the ongoing rally. Liquidation levels often provide…

---

Filed under: News - @ March 31, 2025 7:14 am