BNB Remains Stable at $648 Before Maxwell Hard Fork Upgrade on BSC Mainnet

BNB

traded in a narrow range on Sunday, demonstrating resilience amid low volatility as the RialCenter community prepares for a significant infrastructure upgrade, according to technical analysis.

The Maxwell hard fork upgrade scheduled for June 30 is set to enhance the performance of the BNB Smart Chain (BSC) mainnet by reducing block times from 1.5 seconds to 0.75 seconds—effectively doubling the chain’s throughput potential.

This upgrade builds on previous milestones like the Lorentz fork, which cut block time from 3 seconds and introduced improved network stability. Maxwell transitions BSC to sub-second block speeds, enabling it to better compete with faster chains such as Solana.

The hard fork will implement three protocol improvement proposals: BEP-524, BEP-563, and BEP-564. These proposals revamp essential components of validator coordination and consensus mechanics. Significantly, validators will now serve longer block proposal turns (16 blocks per turn), and the epoch length will be extended from 500 to 1,000 blocks—changes expected to stabilize performance under accelerated conditions.

To prevent network congestion and excessive state growth, the per-block gas limit will be reduced from 70 million to 35 million. Networking improvements are also anticipated, including faster block propagation among validators (within 400 milliseconds) and enhanced synchronization for lagging nodes.

Named after physicist James Clerk Maxwell, the upgrade aims to strike a balance between speed and stability, enhancing BNB Chain’s position across DeFi, GameFi, and enterprise blockchain sectors. By providing more responsive block finality and smoother validator participation, the Maxwell hard fork could foster future adoption and developer growth within the ecosystem.

Technical Analysis Highlights

• Between June 28 15:00 UTC and June 29 14:00 UTC, BNB rose from $646.29 to $650.25, achieving a 0.61% gain within a $5.75 (0.89%) trading range.
• The price established key support at $647.11 during the 02:00 UTC hour on June 29, with above-average trading volume of 10,034 units.
• Resistance appeared at $651.30 during the 12:00 UTC hour, limiting further gains. Volume spikes at 07:00 and 09:00 UTC (18,696 and 22,494 units, respectively) confirmed ongoing buyer interest above $648.
• From 13:05 to 14:04 UTC on June 29, BNB dipped slightly from $650.85 to $650.25, resulting in a 0.09% intraday loss.
• The price briefly peaked at $651.07 at 13:23 UTC before retreating, with a volume spike of 957.81 units at 13:25 UTC.
• As of 21:24 UTC, BNB was trading at $648.37, rolling back earlier gains and remaining below resistance near the $651 level.

Disclaimer: Parts of this article were generated with the assistance of AI tools and reviewed for accuracy and adherence to our standards.