BNB Price Analysis Modest Gains Even as Geopolitical Tensions Rise

BNB has seen a modest profit of 2% in the last 24 hours and then dealt with fixed support for $ 616.55.

This step comes when the BNB chain, the blockchain tied to the BNB, has seen its daily transactions almost double since mid -May nearly 17.6 million, according to data from Defill.

Crypto markets were jitters in the middle of the gradation of geopolitical tensions and moved business policy between the main economies.

One of the factors that helps the sentiment of the buoja is the upcoming Maxwell Hard Forkscheduled for June 30. If it is successful, the block time will shorten from 1.5 seconds to 0.75 seconds, which will potentially be a more competitive network with high -speed chains.

If the momentum continues, BNB may try to get back 650 $ and push $ 700. However, it will depend a lot on how users respond to technical improvements and how the geopolitical situation develops.

An overview of technical analysis

• According to the model of Coindesk Research technical analysis, BNB has created a strong uptrend with remarkable volume support that helped create a key support level at $ 616.55.
• The most important escape came when the price increased through resistance to $ 624.59 and reached a maximum meeting of $ 627.85.
• After a few hours of consolidation between $ 620 and $ 625, BNB broke the resistance to $ 625.24, signaling the potential for further up to $ 630-635.
• BNB gathered from $ 619.31 to $ 627.03 and added 1.25% in a sharp turn, which strengthened bull momentum than to see a drop to cost $ 621.6.