BNB
It was negotiated in a narrow range on Sunday, reflecting resilience in low volatility as the BNB chain community prepares for a significant infrastructure update, according to the technical analysis model of Coindesk Research.
Maxwell’s Hard Fork update scheduled for June 30 is ready to improve the performance of the BNB smart chain (BSC) Main netnet cutting block times of 1.5 seconds to 0.75 seconds, giving the chain performance potential.
This update is based on previous milestones such as Lorentz Fork, which reduced the block of 3 seconds and introduced better network stability. Maxwell moves BSC at sub-second block speeds, which helps compete more directly with faster chains like Solana.
The hard bifurcation will be promoted by three proposals to improve the protocol: Bep-524, Bep-563 and Bep-564. These measures review the key components of the coordination of validator and consensus mechanics. In particular, the validators will now serve longer block proposal (16 blocks per shift)And the length of the time extends from 500 to 1,000 blocks, the changes are expected to stabilize performance even in accelerated conditions.
To avoid network congestion and excessive growth of the state, the gas limit per block will be reduced by half from 70 million to 35 million. Improvements are also expected on the network side, with a faster block spread among the validators, within 400 milliseconds, and an improved range synchronization for lagging nodes.
The name of the physicist James Clerk Maxwell, the update is designed to balance the speed with stability, with the aim of raising the sectors of the BNB chain through the Blockchain sectors of Defi, Gamefi and Enterprise. By offering a greater purpose of receptive block and a softer validator participation, the Maxwell Hard Fork could help boost the future adoption and growth of developers throughout the ecosystem.
TECHNICAL ANALYSIS
- Between June 28, 15:00 UTC and June 29, 14:00 UTC, BNB rose from $ 646.29 to $ 650.25, a gain of 0.61% with $ 5.75 (0.89%) negotiation range.
- The price found a key support at $ 647.11 during the UTC time of 02:00 on June 29, with a volume higher than the average of 10,034 units.
- The resistance arose at $ 651.30 during the UTC time of 12:00, limiting more profits. (18,696 and 22,494 units, respectively) Persistent confirmed interest of the buyer above $ 648.
- From 13:05 to 14:04 UTC On June 29, BNB fell slightly $ 650.85 to $ 650.25, publishing an intradic loss of 0.09%.
- The price briefly reached a session peak of $ 651.07 at 13:23 UTC before rejecting lower, with an increase in volume of 957.81 units at 13:25 UTC.
- At 21:24 UTC, BNB quoted at $ 648.37, reducing the previous profits and keeping below the resistance close to the level of $ 651.
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