BNB Price Prediction: Does the Maxwell upgrade boost bullish prospects?

The price of BNB (BNB) has officially broken out of the falling wedge pattern, rising to trade above the $656 threshold at the time of writing on Tuesday — an important technical signal indicating the potential for a trend reversal upwards. The successful implementation of the Maxwell hard fork event has brought significant improvements to the BNB Chain, including faster block creation times and markedly reduced transaction finality (, thereby reinforcing investor confidence in the ecosystem. Not only that, the positive funding rate along with strong growth momentum is also providing additional impetus, opening up prospects for a new breakout in the near future.

BNB Chain completes the hard fork upgrade Maxwell

On Monday, BNB Chain officially completed the hard fork upgrade named Maxwell — an important milestone for BNB Smart Chain. This update shortens the block creation time from 1.5 seconds to just 0.75 seconds, significantly improving transaction processing speed, network responsiveness, and the performance of validators. In particular, the finality time )finality( has also been reduced to about 1.875 seconds, contributing to enhanced stability and reliability for the entire ecosystem.

According to data from BscScan, the Maxwell upgrade has brought positive signals: the number of new wallets, transactions, and the level of interaction with the network have all recorded significant growth.

![])https://img-cdn.gateio.im/webp-social/moments-835a0db30bad734f8b54eb61eb6ea5e7.webp(Overview statistics chart of BNB Smart Chain | Source: BscScanAt the same time, data from CoinGlass shows that market sentiment is leaning towards optimism. The funding rate based on the weighted open contracts )OI-Weighted Funding Rate( turned positive on Monday and continued to reach 0.0034% on Tuesday. This indicates that long positions )Long( are paying fees for short positions )Short(, reflecting increased investor confidence in the bullish trend of BNB.

![])https://img-cdn.gateio.im/webp-social/moments-a16f8984c6c69d4295b73dbddd6f8d40.webp(BNB funding rate chart | Source: Coinglass## BNB price forecast: Breakout from the falling wedge pattern

On Saturday, the price of BNB broke through the upper trend line of the falling wedge pattern – a pattern formed since mid-May by connecting lower highs and lower lows. By Monday, BNB had increased nearly 2%, signaling a clear bullish trend after a period of accumulation. At the time of writing on Tuesday, this coin is fluctuating around $657.

If the current momentum continues to be maintained, BNB is likely to extend its recovery and target the important resistance area at the $709.29 level – where there have been multiple price rejections in the past.

![])https://img-cdn.gateio.im/webp-social/moments-205749efdcdeac8089c752cdf50a1c70.webp(BNB/USDT daily chart | Source: TradingViewTechnical indicators are supporting an upward trend: The Relative Strength Index )RSI( on the daily timeframe is currently at 55, surpassing the neutral threshold of 50 and indicating that buying pressure is prevailing. At the same time, the MACD indicator has just issued a crossover signal in the upward direction on Saturday – a sign that reinforces the upward momentum and the potential for a short-term bullish wave.

However, if a correction occurs, the nearby support zone at $646.04 will serve as a short-term anchor to reassess the strength of the bulls.

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