By , |Edited by
Updated Jun 23, 2025, 3:48 p.m. Published Jun 23, 2025, 3:47 p.m.
- BNB Chain’s daily transactions have doubled to 17.6 million since mid-May, supporting demand for BNB.
- BNB price climbed 2% over the past 24 hours.
- Investors are looking forward to the June 30 Maxwell hard fork, which aims to halve block times.
BNB saw a modest gain of 2% in the past 24 hours, pushing past $627 before settling with firm support at $616.55.
The move comes as the BNB Chain, the blockchain tied to BNB, saw its daily transactions nearly double to 17.6 million since mid-May, according to data from .
STORY CONTINUES BELOW
Crypto markets have been jittery amid escalating geopolitical tensions and shifting trade policies between major economies.
One factor helping to buoy sentiment is the upcoming , scheduled for June 30. If successful, it will reduce block times from 1.5 seconds to 0.75 seconds, potentially making the network more competitive with high-speed chains.
If momentum continues, BNB may attempt to reclaim the $650 level and push toward $700. But much will depend on how users respond to the technical upgrades and how the geopolitical situation develops.
- BNB formed a strong uptrend, with notable volume support that helped establish a key support level at $616.55, according to CoinDesk Research’s technical analysis model.
- The most significant breakout came as the price surged through resistance at $624.59 and reached the session high of $627.85.
- After several hours consolidating between $620 and $625, BNB broke resistance at $625.24, signaling potential for further upside into the $630–$635 range.
- BNB rallied from $619.31 to $627.03, adding 1.25% in a sharp upward move that reinforced bullish momentum, before seeing a decline to now stand at $621.6.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our .
Francisco is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk’s $1,000 disclosure threshold.
Top Stories
