Following Iran Strikes, BNB Edges Higher

BNB Holds Above $616 as Maxwell Upgrade Fuels Network Growth

BNB remains firmly above $616, supported by rising activity on the BNB Chain and growing anticipation for a significant protocol upgrade later this month.

In the past 24 hours, BNB has gained around 2%, peaking above $627 before stabilizing near $616.55.

Network activity on BNB Chain has surged, with daily transactions nearly doubling to 17.6 million since mid-May, according to data from DeFiLlama.

Although broader crypto markets remain cautious due to geopolitical tensions and uncertainty in global trade, optimism around the upcoming Maxwell hard fork, scheduled for June 30, is helping to buoy BNB’s price. The upgrade aims to reduce block times from 1.5 seconds to 0.75 seconds, potentially enhancing the network’s competitiveness against faster blockchains.

If momentum continues, BNB may attempt to reclaim the $650 level and potentially test $700, depending on user adoption of the upgrade and the evolving geopolitical landscape.

Technical Analysis Highlights

• BNB continues to trend upward, with strong trading volumes helping to maintain support at $616.55, according to CoinDesk Research’s technical analysis.
• A key breakout occurred when prices surpassed resistance at $624.59, reaching a high of $627.85.
• After consolidating between $620 and $625, BNB broke above $625.24, signaling possible further gains toward the $630–$635 range.
• The token surged from $619.31 to $627.03, marking a 1.25% rise before easing back to trade near $621.60.