Hey, folks! Look, the situation with BNB is quite interesting, as this cryptocurrency, which powers the BNB Smart Chain, is at a key moment after an update that made it faster than lightning.⚡️ It's called Maxwell, and what it did was reduce the average block time from 1.5 seconds to just 0.75 seconds! Imagine that! It's like they put a Formula 1 engine in a spaceship. 🏎️🚀

Despite this tremendous technical improvement, which the BNB Chain developers themselves have said is a "significant milestone" and "allows for faster blocks and smoother network performance," the price of BNB is in "relax" mode. At the time of writing, it is at $646, with modest daily gains of 0.5% and weekly gains of 0.8%, but with slight monthly losses of 0.9%. In other words, it hasn't shot up like a rocket yet, but it hasn't collapsed either. It's like it's contemplating its next move! 🤔

But why is it so important for the network to be faster? Well, my dear friends, this means that developers can create decentralized applications (dApps) that are more agile and efficient. Imagine that transactions in DeFi (decentralized finance) are almost instant, that the synchronization between validators is like a Swiss clock, and that the entire network operates like a well-oiled machine. This is pure honey for the ecosystem! 🍯

Now, the million-dollar question: how does all this affect the price of BNB? 💰 Well, the truth is that, as usually happens with these technical updates, we don't see a price boom overnight. It's like putting a turbo on your car: at first, you don't see the difference, but in the long run, you feel how it flies! The general perception is that investors are gaining more confidence, and the positive funding rates of BNB indicate that the cost of capital is favorable. This is a good sign! 👍

Some analysts were a bit worried that the speed of the blocks would cause failures in the dApps, but none of that! So far, everything is going smoothly. It's an improvement that will have a progressive effect, so don't expect to see BNB on the moon tomorrow, but it is laying the groundwork for a promising future.

Watch out for BNB levels! 📈

In the short term, the BNB chart is in "correction" mode, as if it's catching its breath. But in the medium term, it remains in an upward channel! It's like a climber who takes a pause but keeps climbing the mountain.

If BNB wants to keep going up, it has to break these resistances:

  • $651: This is the immediate resistance, the first wall to knock down!

  • $659: This was the peak on June 30, the strongest resistance so far.

  • $700: This is the psychological level; if it surpasses it, the bullish trend is confirmed strongly! 💪

But if it slips, these are the supports to keep an eye on:

  • $646: This is the immediate and critical support, the one that is being tested right now!

  • $639: If it breaks the previous one, this is the next floor, where it bounced back strongly on June 27.

  • $634: This is the strongest support, the last barrier to avoid falling further.

And pay attention to this: the RSI (a technical indicator) is at 21 points, which means that BNB is oversold! This suggests that there could be a technical bounce in the short term. So, let's stay alert! 👀

Data you can't ignore about BNB 📊

  • According to CoinGlass, fewer and fewer people are betting against BNB! The funding rate is in positive territory, which is a sign of optimism. ✨

  • In the last month, BNB Chain took the crown in the decentralized exchanges (DEX) market with a volume of $159 billion. It surpassed Ethereum and Solana! Pure champion! 🏆

  • More than 12.1 million addresses on the network are already using stablecoins, with a total supply exceeding $10.5 billion. This shows brutal adoption and generates more confidence in BNB!

  • In June, the network processed 425 million transactions, an increase of 160%! Only Avalanche (AVAX) grew more, but BNB remains a transactional monster. 🤯

So, even though BNB is in "active pause" mode right now, the numbers don't lie, and the technical improvements promise a bright future. Let's keep an eye on it because this thing has potential!$$BNB