BNB Slips Below Key Support as Traders Brace for Maxwell Upgrade and Mideast Shockwaves

BNB token has dipped to $635 amid a volatile market influenced by the upcoming Maxwell hard fork on June 30, which aims to enhance transaction speed and capacity on the BNB Chain. While daily transactions have surged, rising geopolitical tensions, particularly in the Middle East, are causing heightened investor caution. Crude oil prices are climbing, with risks of further inflation affecting market sentiment. BNB is currently trading between $635 and $646, facing resistance at $644.5, indicating a struggle for upward momentum. Investors are advised to monitor these developments closely for potential impacts on BNB's performance. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk