BNB’s Golden Cross Signals Bull Run as DEX Volume Explodes Before Maxwell Upgrade

Binance Coin’s technical chart flashes a classic bullish signal—just as decentralized exchange activity hits record highs. Traders are piling in ahead of the network’s next major protocol upgrade, proving once again that crypto markets move faster than a hedge fund’s moral compass.

The golden cross formation—when the 50-day moving average surges above the 200-day—has historically preceded major rallies. Meanwhile, DEX volumes are pumping like Wall Street bankers’ bonus expectations, suggesting retail and institutional players are positioning for the Maxwell upgrade’s promised scalability improvements.

Will this be the catalyst that finally pushes BNB past its previous ATH? Or just another ’buy the rumor’ setup before the inevitable ’sell the news’ dump? Either way, the charts don’t lie—unlike your average crypto influencer.

BNB price technical analysis

The daily chart shows that the BNB token bottomed at $510 in February and March. It neared that support level in April, forming a triple-bottom pattern with a neckline at $645. 

BNB has now formed a golden cross pattern as the 50-day Weighted Moving Average has moved above the 200-day one. A golden cross often leads to more gains in the long term. 

Therefore, more gains will be confirmed when the BNB price rises above the key resistance level at $690, its highest level this month. If this happens, it will increase the chances of it soaring to the next resistance level at $795, the highest point on Dec. 4 and 20% above the current level.

The long-term BNB price forecast is as bullish as crypto.news wrote here, citing the cup and handle pattern formation on the weekly chart.