BNB Chain has finished a major upgrade on its test networks to speed up and simplify transactions. At the same time, the network’s native token, BNB, which fell sharply, shows signs of a strong price rally. BNB Chain Unlocks Speed with Lorentz Testnet Upgrade On April 10, BNB Chain finished a major update called the Lorentz hard fork. This upgrade was done on its test networks and is meant to make the blockchain faster and more efficient. After the update, the opBNB testnet can create new blocks every 0.5 seconds, while the BSC testnet does this in 1.5 seconds. This means users and developers can expect quicker and better service. OpBNB is a layer-2 system built on BNB Smart Chain (BSC). It helps fix issues like slow transactions and network delays. This upgrade is a big move toward solving those technical problems. Also, the upgrade is not limited to testnets. BNB Chain plans to update its main networks soon. The opBNB mainnet upgrade is set to go live on April 21 at 03:00 AM UTC, and the BSC mainnet upgrade will be deployed on April 29 at 05:05 AM UTC. The BNB team asks all node operators and decentralized app (dApp) developers to upgrade their systems and test everything. This will help make the switch smooth for everyone. BNB Coin Shows Signs of a Price Jump While the network is improving, the price of BNB Coin is also showing strong signs. BNB recently increased by 4.5% to reach $579. This came after the network experienced a massive surge in users’ gas fees in February. The token has stayed around that level for the past day. Experts recently revealed that BNB broke out of a price pattern it had followed for over a year. This could mean a rally is coming. Right now, the Relative Strength Index (RSI) is around 45. If it goes above 50, it may show that the digital coin is becoming stronger. The price is also near the 20-day Simple Moving Average. If it stays above this line, it could rise to $632, but if it falls below $575, it might drop to $550. Market Indicators Hint at More Gains Other tools used by traders also point to possible upward movement. The MACD indicator, which tracks market momentum, is looking better. If a bullish crossover happens, it could lead to more upward movement. Crypto analyst Jonathan Carter recently pointed out that BNB has been moving within an ascending channel since March 2024. The token recently bounced off the top of that channel. If the momentum continues, Carter believes BNB could reach $640, $735, $795, or even $960 in the long run. The post BNB Chain Completes Lorentz Hard Fork as As Price Eyes Major Rally appeared first on TheCoinrise.com .
