Main Points:
Maxwell upgrading BNB Smart Chain, which, according to the BNB chain team, is “a technical jump forward for faster blocks, better validator coordination, and better network performance,” Went live on Monday.
How is BNB (Bnb) Price responds to the latest upgrade? Can consumers push the price above overhead resistance? Let’s review the charts to find out.
BNB price prediction
The BNB broke upstairs the descending channel pattern on Sunday, and the Bulls successfully defended the breakout level retest on Tuesday. That suggests that the bulls are that the support line of the support resistance.
The 20-day exponential transfer of average ($ 648) is rugged, but the relative power index (RSI) is just above the midpoint, indicating a slight momentum in favor of the bulls. If consumers maintain the price above $ 660, the BNB/USDT pair can climb to $ 675 and later to $ 698. Seller is expected to defend $ 698 resistance because a rest above it opens doors for a rally up to $ 732.
Time is running out for bears. They need to quickly pull the price back to the channel to make a comeback. That could sink the pair to $ 625.
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The 4 -hour chart shows the price that re -bits on the resistance line, indicating solid demand at the lower level. The pair will complete a bullish opposite head-and-shoulders pattern if the price closes above $ 660. This bullish setup has a target pattern of $ 719.
Moving averages are likely to act in support of any pullback. The first sign of weakness would be a rest and near the bottom $ 643. That suggests that the bulls surrendered. The pair could then fall to $ 636.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
