BNB Chain Sees Most Active Week in a Year, BNB Price to $800?

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BNB Chain Sees Most Active Week in a Year, BNB Price to $800？

• The number of transactions on the BNB Chain surged to 123 million last week.
• Maxwell hard fork expected to enhance finality and double the transactions.
• Analysts call the current BNB price consolidation a sign of strength.

BNB Chain has just witnessed its most active week in over a year, recording an impressive 123 million transactions in the past seven days. It also saw a trading volume of $178.2 billion in May, suggesting strong user engagement and network usage.

The surge in activity coincides with growing anticipation around the upcoming Maxwell hard fork, expected to improve transaction finality and efficiency. Popular crypto YouTuber Ghazi commented on X that BNB Chains transaction count could double once Maxwell goes live.

The Maxwell hard fork will integrate artificial intelligence components and other scaling improvements, enhancing BNB Chains competitiveness.

Despite the broader market downturn in Q1 2025, BNB showed resilience after last year‘s 300% rally. While many altcoins saw sharper corrections, the cryptocurrency’s drawdown remained under 36%, and it continues to consolidate without major losses.

Bnb price outlook

At the time of writing, BNB

is trading at around $669.6, up by 12% in the past month. Since April, the cryptocurrency has been moving within an ascending parallel channel and is now testing the lower boundary of that support zone.

$BNB is still looking insanely bullish.

Ignore short term price action and focus on long-term trends!

— Coinvo (@ByCoinvo) June 4, 2025

Crypto analysis platform Coinvo noted the recent pullback, suggesting that the ongoing consolidation could be the calm before another bullish wave. They stated that BNB is “still insanely bullish,” urging traders to focus on long-term patterns.

On the daily BNB price chart, the RSI is currently at 56, providing room for a move in either direction. Bulls remain in control as long as the price stays within the ascending channel and holds above key support at $640.

BNB price chart with RSI and Bollinger Bands | Source: TradingView

Bollinger Bands show a contraction pattern, with the price trading near the middle band (20-day SMA0 at $665, suggesting a potential breakout. A close above the upper band at $690 could result in a fresh bullish momentum.

BNB price chart with MACD | Source: TradingView

Meanwhile, the MACD is currently bearish, with the MACD line below the signal line and both trending downward. However, the flattening histogram shows weakening bearish momentum. A crossover could send BNB to challenge its all-time high at $794.