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BNB price just broke out of a falling wedge pattern and is now trading above $656, showing signs of a strong comeback! ๐ช๐
๐ Maxwell Hardfork Complete! The BNB Smart Chain (BSC) upgraded on Monday with the Maxwell hardfork, cutting block time from 1.5 seconds to just 0.75 seconds! โก๏ธ
Now, transactions are faster and confirmations take only 1.875 seconds, improving user experience and validator performance. ๐
๐ According to BscScan, the network is seeing more activity โ with new addresses, more transactions, and overall increased usage after the upgrade. ๐ฅ
๐น Positive Market Signs Data from CoinGlass shows that funding rates turned positive at 0.0034%, meaning more traders are betting on BNB going up. โ
This suggests bullish momentum is building up!
๐ BNB Price Prediction On Saturday, BNB broke out of its falling wedge pattern โ a classic bullish signal. Since then, itโs gained about 2%, and now sits around $657 as of Tuesday. ๐ข
๐ If it continues to rise, it could hit resistance at $709.29 soon.
๐ก๏ธ However, if thereโs a pullback, it may drop to the support level at $646.04.
๐ Technical Indicators:
RSI is at 55 โ showing strength and staying above the neutral 50 level.
