The recent Maxwell upgrade of the BNB Smart Chain has sparked renewed bullish momentum, aiming for a price rally towards $719. The upgrade, described by the BNB Chain team as a significant improvement in the network's performance, has helped the price break out of a descending channel pattern. After successfully defending this breakout, indicators show a slight bullish momentum. If the price can remain above $660, it may rise to $675 and potentially reach $698, where strong resistance from sellers is expected. A breakout beyond $698 would likely pave the way for a surge to $732. On the 4-hour chart, a bullish inverse head-and-shoulders pattern is developing, suggesting a target of $719 if certain price levels are maintained. The first sign of weakness would be a drop below $643, which would indicate a shift back in favor of the bears, potentially pushing the price down to $636.

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