BNB Smart Chain’s Maxwell Upgrade Could Support Rally Toward Year-to-Date Highs

Key Points

1. The Maxwell upgrade reversed bearish trends, with BNB breaking out from a descending pattern and stabilizing above the 20-day EMA at $648.

2. Technical indicators like the RSI above 50 suggest moderate bullish momentum, with potential resistance levels at $675, $698, and $732 if the uptrend continues.

3. A close above $660 on the 4-hour chart could signal a target price near $719, while a break below $643 may indicate weakness and a decline toward $636.

4. The upgrade enhances network performance, boosting market sentiment and adoption of the BNB Smart Chain ecosystem.

5. Investors should monitor key support and resistance levels to gauge BNB's future price direction post-upgrade.