Binance Coin (BNB) surges 2% above $680 after breaking bull flag pattern. Maxwell hard fork to reduce block times to 0.75 seconds on BSC. Open Interest reaches $800M with $423K in short liquidations. Binance Coin (BNB) has broken through the $680 resistance level with a 2% surge, completing a bull flag breakout that analysts believe could drive prices toward the $750 target. The rally comes as the broader crypto market shows bullish sentiment and technical indicators align for continued upside. The price action marks a decisive break from the falling channel pattern that has constrained BNB since December 2024. After a nearly 15% surge in early May created the initial breakout, BNB recently retested the $637 support level before launching today’s bullish continuation. Technical analysis shows the golden crossover between the 50-day and 200-day exponential moving averages (EMAs) has provided additional bullish confirmation. BNB has also crossed above the 100-day EMA, creating a second positive crossover within just one week. The daily Relative Strength Index (RSI) has rebounded before reaching the midpoint, indicating renewed bullish momentum without entering overbought territory. This means more chance for a pump shortly. Bull flag formation targets $750 level Chart analysis reveals a bull flag pattern following the recent breakout rally, with technical projections pointing to a 16% upside potential toward the $750 milestone. The flag formation typically indicates consolidation before the next leg higher in a trending market. However, traders may encounter short-term resistance near the psychological $700 level, which could provide a temporary hurdle before any push toward $750. A failure to hold current levels could result in a pullback to retest the $637 support zone if broader market volatility increases. The technical setup appears favorable for continued gains, with multiple timeframe EMA crossovers supporting the bullish case and RSI readings indicating sustainable momentum rather than overbought conditions. The surge in BNB optimism stems partly from the announcement of the upcoming Maxwell hard fork, which will bring three major upgrades to Binance Smart Chain. The most impactful change involves BEP-524, which will reduce current block times from approximately 3 seconds to just 0.75 seconds. Maxwell Hardfork is coming to BSC.This isn’t just another upgrade—it’s a technical leap forward for faster blocks, better network, and smoother network performance.Let’s break it down 🧵👇 pic.twitter.com/eZxgMOSdfH — BNB Chain (@BNBCHAIN) May 20, 2025 Additional improvements include BEP-563, designed to enhance validator network messaging, and BEP-564, which implements smarter fetching logic for improved network efficiency. These upgrades position Binance Smart Chain for faster transaction processing and better scalability. The hard fork represents a major technical milestone that could attract additional developer activity and institutional adoption to the BSC ecosystem, potentially driving increased demand for BNB as the network’s native token.