BNB broke through a closely watched resistance zone in the past 24 hours, climbing 2% to $920 amid a broader rally in the cryptocurrency market that saw the broader CoinDesk 20 Index (CD20) rise 5.3%.
The rally comes ahead of the Fermi hard fork, currently scheduled for January 14. The upgrade will reduce block times from 750 milliseconds to 450 milliseconds and improve the way the network processes transactions.
Its goal is to increase BNB Chain’s capacity to 20,000 transactions per second, making it a more serious contender for developers working on high-throughput decentralized applications in areas such as finance and artificial intelligence.
On the technical side, BNB reached an intraday high of $921.47 before stabilizing. Trading volume increased, signaling renewed interest as the price broke above the $906 to $910 resistance range. BNB now sits just below the next breakout target at $928, with bulls targeting a move towards $1,066 if momentum maintains.
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