BNB Coin Hits Top 3? Lorentz Testnet Hard Forks Finally Done!

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Well, well, well… look who’s making waves in the crypto world. The BNB Chain has finally managed to execute the Lorentz testnet hard forks. Yeah, that’s right. Now they’re boasting faster transaction speeds and a more responsive blockchain. It’s like they’re trying to actually get things done. Shocking, right?

And guess what? BNB Coin (BNB) has decided to break out of a year-old ascending triangle range. Can you believe it? A breakout. What a concept. It might just hint at a rally. Or not. Who knows? It’s crypto, folks.

But wait, there’s more! The update, announced via a tweet on April 10, now makes opBNB block times a lightning-fast 0.5 seconds. As if 1.5 seconds for BSC testnet blocks wasn’t fast enough. Really living on the edge here. At least they’re trying to do something. So, mark your calendars—April 21 for opBNB and April 29 for BSC mainnet. But don’t stress if you forget. It’s not like it’s the end of the world.

The Lorentz testnet hardforks are complete!

opBNB is now running at 0.5s block times & BSC testnet is live with 1.5s block times

Faster blocks. Smoother performance. Now it’s time for mainnet:

🔸 opBNB → April 21 @ 03:00 AM UTC

🔸 BSC → April 29 @ 05:05 AM UTC

Here’s…

— BNB Chain (@BNBCHAIN) April 10, 2025

For those who care, opBNB is a layer-2 scaling solution built on top of BSC to, you know, deal with congestion and scalability problems. Apparently, the hard fork is supposed to make everything smoother and faster. You’ll be “experiencing” all of this “amazing” performance. It’s almost like magic, if you squint hard enough.

The BNB team is kindly urging all node operators and dApp developers to upgrade their systems. Yeah, because that’s what we all need—more upgrades. But hey, if you want a seamless integration (whatever that means), you better follow their advice.

And here’s the official schedule. Get ready: April 21 at 03:00 AM UTC for opBNB, and April 29 at 05:05 AM UTC for BSC. Don’t be late or something—I’m sure they’ll be devastated.

If all goes as planned, the chain’s throughput could see a major uptick. Could. No promises.

BNB Price Outlook

Alright, let’s talk about BNB’s price. After a glorious 4.5% rise to $579, BNB has been… holding steady. No huge changes in the last 24 hours. It’s still the fifth-largest cryptocurrency by market cap, hovering around $82.59 billion. Big deal, right?

The RSI (Relative Strength Index, for all you fancy crypto folks) is around 45. So, there’s plenty of room for it to move up, apparently. If it stays above 50, we might see a little bullish action. Oh, and there’s a resistance level at $590. How thrilling.

BNB Price Chart. Source: TradingView

Meanwhile, BNB is doing its thing around the middle Bollinger Band (20-day SMA, for those who like to sound smart). If it stays above this, it could test $632. But if it drops below $575, don’t say I didn’t warn you—it might head to $550. But honestly, who knows?

The MACD is showing a narrowing negative histogram. Translation: selling pressure might be fading. If the lines cross in a “bullish” manner, it could, just could, lead to more upward momentum. Or not. Whatever.

Source: TradingView

Breakout Hopes

Crypto analyst Jonathan Carter seems to think BNB is in an ascending channel since March 2024. Yeah, big surprise—crypto analysts have opinions too. Apparently, BNB recently bounced off the top boundary of this channel. Very dramatic.

#BNB

Binance Coin is trading within an ascending channel and is currently bouncing from the upper channel boundary on the daily chart🧐

A successful continuation could push $BNB towards targets at $640, $735, $795 and possibly $960🚀

— Jonathan Carter (@JohncyCrypto) April 10, 2025

According to Jonathan, if the rally actually continues (fingers crossed), BNB might aim for targets like $640, $735, $795, and even $960. Sure, why not? It’s crypto, after all. Anything’s possible.

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2025-04-11 16:33