BNB Gains 2% Amid Increased Blockchain Transactions and Upcoming Hard Fork

BNB gained 2% in 24 hours, surpassing $627 and stabilizing at $616.55. The increase coincides with a rise in daily transactions on the BNB Chain, which reached 17.6 million since mid-May.

Market volatility persists due to geopolitical tensions and changing trade policies. Positive sentiment is boosted by the upcoming Maxwell hard fork on June 30, aimed at reducing block times from 1.5 seconds to 0.75 seconds.

If the upward trend continues, BNB may target $650 and potentially $700, depending on user response to upgrades and geopolitical developments.

Technical Analysis Overview

Strong uptrend established with support at $616.55.
Breakout occurred at resistance level of $624.59, peaking at $627.85.
Consolidation between $620 and $625 led to a breakout at $625.24, indicating potential for further gains into the $630–$635 range.
Price rallied from $619.31 to $627.03, showing bullish momentum before settling at $621.6.