Binance Coin (BNB) Breaks $720 Barrier: Maxwell Upgrade and Token Burns Fuel Bullish Rally

Binance Coin (BNB) has surged past the $720 resistance level, reaching an intraday high of $765.56, driven by the recent Maxwell network upgrade and aggressive token burns. The current price stands at $742.28, marking a 3.78% daily gain. Technical indicators suggest sustained bullish momentum, even as the asset enters overbought territory. The Maxwell upgrade has significantly enhanced network performance, doubling transaction throughput and reducing block times, which has attracted institutional interest. Combined with Binance's ongoing token burn strategy, these developments have created a strong bullish sentiment around BNB. As of July 19, 2025, the cryptocurrency continues to show resilience and upward potential in the market.

BNB Surges Past $720: Maxwell Upgrade and Token Burns Drive Bullish Momentum

Binance Coin (BNB) has breached the $720 resistance level, reaching an intraday high of $765.56, as the Maxwell upgrade and aggressive token burns fuel institutional interest. The current price of $742.28 reflects a 3.78% daily gain, with technical indicators suggesting sustained bullish momentum despite overbought conditions.

The Maxwell network upgrade has doubled transaction throughput while reducing block times to 0.75 seconds, positioning BNB Chain as one of the fastest blockchain networks. This technological leap coincides with Binance's quarterly burn of 1.59 million BNB and a zero-fee trading event extending through July 31, creating a perfect storm of demand-side catalysts.

Ethereum (ETH) Price Prediction: $8K Target Gains Credibility Amid Bullish Momentum

Ethereum's rally accelerates as analysts revise targets upward, with $8,000 now appearing within reach. The cryptocurrency has surged 44% over the past month, breaking through critical resistance at $3,200-$3,400 with conviction. Institutional interest, ETF speculation, and LAYER 2 adoption create a perfect storm for ETH bulls.

Technical indicators confirm the breakout, with ETH maintaining strong support above the 200 EMA at $2,944. Derivatives markets reflect growing conviction—open interest climbed to $52.13 billion while $136 million in short liquidations fueled the ascent. The path to $4,950 appears increasingly probable as buying pressure overwhelms sellers.

BNB Breaks Key Resistance as Analysts Eye $2K Target

BNB has surged past $738, testing a multi-year resistance zone between $747 and $793 that has capped prices since 2021. The breakout attempt comes amid rising trading volume and accumulation patterns, signaling growing bullish conviction.

Technical analysis suggests a measured MOVE toward $2,260 could materialize if the token sustains above critical support at $211.70. Market structure now mirrors textbook breakout setups, with the $747.22 retest demonstrating persistent upward momentum.

Analysts highlight the significance of the three-year consolidation between $211.70 and $793.86. "This is the type of compression that precedes major expansions," says Attila Olgun, pointing to historical precedents for such technical formations.