BNB broke through a closely watched resistance zone over the past 24-hour period, climbing 2% to top $920 amid a broader rally in the cryptocurrency market that saw the broader CoinDesk 20 (CD20) index move up 5.3%.
The rally comes ahead of the Fermi hard fork, which is currently scheduled for January 14th. The upgrade will reduce block times from 750 milliseconds to 450 milliseconds and improve how the network processes transactions.
Its goal is to increase BNB Chain’s capacity to 20,000 transactions per second, making it a stronger competitor for developers working on high-speed decentralized applications in areas such as finance and artificial intelligence.
On the technical side, BNB hit an intraday high of $921.47 before stabilizing. Trading volume increased, signaling renewed interest, as the price pushed past the $906-$910 resistance range. BNB is now sitting just below the next breakout target of $928, with bulls targeting a move towards $1,066 if momentum holds.
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