BNB experienced a modest gain of 2% in the last 24 hours, exceeding $ 627 before settling with firm support at $ 616.55.
This decision comes as the BNB channel, the BNB blockchain, has seen its daily transactions almost doubled at 17.6 million since mid-May, according to Defillama data.
Cryptographic markets were nervous in the midst of geopolitical tensions and trade policies of exchange between major economies.
A factor helping to move the feeling is the next Maxwell Hard Fork, scheduled for June 30. In case of success, it will reduce block times from 1.5 seconds to 0.75 seconds, which makes the network more competitive with high -speed chains.
If Momentum continues, BNB can try to recover the level of $ 650 and push around $ 700. But many will depend on how users will react to technical upgrades and how the geopolitical situation is developing.
Preview of technical analysis
- BNB has formed a strong upward trend, with a significant volume support which helped to establish a level of key support at $ 616.55, according to the Technical Analysis model of Coindesk Research.
- The largest escape occurred while the price increased by resistance to $ 624.59 and reached the top of the session of $ 627.85.
- After several hours of consolidation between $ 620 and $ 625, BNB resistance to $ 625.24, the increase in the increase in $ 630 at $ 635.
- The BNB joined $ 619.31 to $ 627.03, adding 1.25% in a strong ascending movement which strengthened the optimistic momentum, before seeing a drop in located now at $ 621.6.
