BNB (BNB) Price Surge: Bulls Eye $719 as Maxwell Upgrade Fuels Rally

BNB's price rockets post-Maxwell upgrade—traders are betting big on a $719 breakout. Here's why the smart money's piling in (and why the suits are still scratching their heads).

The Upgrade Effect

Binance's latest tech overhaul slashed gas fees and turbocharged transaction speeds. No surprise—traders responded by throwing liquidity at BNB like Wall Streeters at a margin call.

The $719 Target

Technical charts show a textbook bull flag forming. If volume holds, that seven-hundred-dollar resistance won't know what hit it. Meanwhile, crypto skeptics mutter about 'irrational exuberance' between sips of overpriced bourbon.

The Bottom Line

BNB's proving defi's not dead—it's just getting warmed up. Whether this pumps your portfolio or not depends entirely on how fast you hit the buy button before the next 'correction.'

TLDR

• BNB Smart Chain’s Maxwell upgrade went live Monday, acting as a catalyst for bullish momentum
• Price broke above descending channel pattern with bulls defending the breakout level successfully
• Multiple analysts project targets between $700-$900 with key resistance at $677-$698
• BNB Chain’s DEX market share expanded from 5% to 30% in 2025, providing fundamental support
• Technical patterns including VCP formation and inverse head-and-shoulders suggest potential breakout

BNB price has shown renewed strength following the successful implementation of the Maxwell upgrade on BNB Smart Chain. The upgrade, described by the BNB Chain team as “a technical leap forward for faster blocks, better validator coordination, and smoother network performance,” has sparked increased bullish sentiment among traders and analysts.

The cryptocurrency broke above a descending channel pattern on Sunday. Bulls successfully defended the retest of the breakout level on Tuesday, flipping the resistance line into support.

Current technical indicators present a mixed but leaning bullish picture. The 20-day exponential moving average sits at $648 with a relatively flat trajectory. The relative strength index remains just above the midpoint, indicating slight momentum favoring buyers.

If buyers can sustain price action above $660, the BNB/USDT pair could advance to $675 and subsequently to $698. A break above $698 WOULD open the path for a rally toward $732.

Key Resistance Levels and Targets

Multiple analysts have identified similar upside targets for BNB price. Marcus Corvinus outlined three short- to mid-term goals: $700, $800, and $900. His analysis highlighted BNB’s quiet accumulation phase, suggesting the current consolidation may precede a directional shift.

$BNB is holding the line and the silence feels intentional.

This isn’t noise. It’s pressure. Building.

1. Structure remains bullish higher lows, tighter range.

2. $600 support has been tested, respected.

3. A breakout here won’t just be another MOVE it could be the trigger.… pic.twitter.com/GM52NXRv7s

— Marcus Corvinus (@CryptoBull009) July 1, 2025

Analyst LAXMAN confirmed a Volatility Contraction Pattern on the weekly chart. This formation features compressing highs and rising lows with declining volume, indicating reduced selling pressure over time.

The VCP structure points to a breakout trigger price at $677. Key targets include $759 and $859, with a recommended stop-loss NEAR $648.

The four-hour chart reveals additional bullish potential through an inverse head-and-shoulders pattern. This formation would complete if price closes above $660, carrying a pattern target of $719.

Fundamental Support Strengthens

BNB Chain’s expanding market presence provides fundamental backing for the bullish technical outlook. Data shows the blockchain’s share of daily DEX volume surged from approximately 5% in January to 30% by June’s end.

This growth positioned BNB Chain among the three leading blockchains for on-chain trading. The network now competes directly with ethereum and Solana in the decentralized finance space.

The increased developer and user activity creates a strong foundation supporting analyst price projections. Growing utility correlates with technical strength patterns observed in recent price action.

Conservative analyst ROSE at Premium Signals identified targets at $775 and $879. Her analysis confirms the bullish pattern remains valid contingent on BNB maintaining support above $600.

BNB currently trades around $658, representing approximately 1% gains in the past 24 hours. The price recovered from an earlier low of $644.67 with trading volume near $1.44 billion.