Binancing mint pulls on a key level in front of Unage Lorentz

The price of binance coins floats at the crucial resistance level as it focuses converts to the upcoming Lorentz upgrade.

Binance coins (Bnb) Traded on a psychological level of $ 600 on Sunday, something below this month high 630 and 15% above her lowest point this month.

The main catalyst for BNB price will be upgrading Lorentz, which will happen. April 29. This is one of the three upgrades of the year. Its goal will be to make a BSC one of the fastest chains in the crypt industry.

Upgrade Lorentz will reduce a 3-second block time of up to 1.5 seconds. The goal is to reduce the latency and accelerate transaction certificates. Faster speeds will also improve the responsiveness of the decentralized application application.

BSC developers will continue to build after Lorentz upgrade while they want to start Maxwell upgrades in June. Like Lorentz, Maxvell hopes to roll the speed transaction speed by reducing the block of time at 0.75 seconds.

BSC Builders hope to make up for Solana (Salt) In time. Due to the combination of roles and history and history, Solana now has a time blocking of approximately 0.4 seconds.

Ethereum (El), on the other hand, has a block of times of 12 seconds, which makes it a slower chain since its biggest competitors.

The upgrade Lorentz comes after developers launches Pascal hard fork, which increased Etherum integration, introduced that undoubted transactions and improved security.

BSC developers hope the network will be the most favorable alternative to Solani and Ethereum. Solana became the home of Meme coins, while Etherum is known for its slow speeds and high transaction costs.

Technical analysis price BNB Price

The daily shows that the price of the BNB formed a three-layer sample between 507 and $ 520. These levels formed the lower side of the descending triangular sample, a popular bear sign for continuation.

The wallet is now sitting on the upper side of the triangle of the triangle and is consolidated at the 50-day and 50-day moving averaging. Therefore, Outlook is neutral for now. More gains will be confirmed if the coin rises above 620 dollars, the highest point of this month. This move will see to jump to the next resistance to $ 720, the highest level in June last year.

The alternative scenario is that the price of bynance coins is dropped and reposition the lower side of the descending triangle in the amount of 507 dollars.