What to know : BNB broke through the $910 resistance zone, rising 2% to top $920, as the broader cryptocurrency market saw a 5.3% increase in the CoinDesk 20 (CD20) index. The rally comes ahead of the planned Fermi hard fork on January 14, which aims to improve the BNB Chain's capacity to 20,000 transactions per second and make it more attractive to developers. BNB reached an intraday high of $921.47 and now sits near the next breakout target at $928, with bulls eyeing a potential move towards $1,066 if momentum holds.
BNB broke through a closely-watched resistance zone over the past 24-hour period, climbing 2% to top $920 amid a wider cryptocurrency market rise 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 Jan. 14. The upgrade will reduce block times from 750 milliseconds to 450 milliseconds and improve how the network processes transactions.
Its goal is to boost BNB Chain’s capacity to 20,000 transactions per second, making it a stronger contender for developers working on high-speed decentralized applications in areas like finance and artificial intelligence.
On the technical side, BNB reached an intraday high of $921.47 before stabilizing. Trading volume rose, signaling renewed interest as price pierced past the $906-$910 resistance range. BNB now sits just under the next breakout target at $928, with bulls aiming for a move toward $1,066 if momentum holds.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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