The recent Maxwell upgrade of the BNB Smart Chain has initiated a price uptrend towards $719. Launched on Monday, this upgrade enhances block speed, validator coordination, and overall network efficiency. Following the upgrade, BNB's price broke out of a descending channel pattern, with bulls defending the breakout level during a retest. This indicates a shift from resistance to support. The 20-day exponential moving average (EMA) is stable, while the relative strength index (RSI) shows slight bullish momentum. If BNB maintains a price above $660, it could rise to $675 and potentially $698, where sellers are likely to resist. A breakthrough at $698 could lead to a rally towards $732. Bears must act quickly to pull prices back into the channel to avoid further losses, which could drop the price to $625. The four-hour chart indicates strong demand, and a close above $660 could complete a bullish inverse head-and-shoulders pattern targeting $719. A drop below $643 would signal weakness among bulls. Read more AI-generated news on: https://app.chaingpt.org/news

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