BNB Reclaims $700 Support and Eyes $734 Ahead of Pasteur Hard Fork

BNB traded near $704 on Aug. 24 after climbing almost 16% in seven days, as momentum from a broad cryptocurrency rally and the approaching Pasteur hard fork kept buyers in control of price action.

Where BNB trades now

Data from crypto.news showed BNB changing hands near $704 at the time of writing, up roughly 1% over the previous 24 hours. The seven-day gain of almost 16% lifted the token's market capitalization to approximately $93 billion.

The rally gathered pace after BNB broke out of the $600–$620 range that had capped price action through the first half of August. Buyers drove the token through $650 on Aug. 20, and it briefly climbed above $720 over the weekend. BNB printed a weekly high near $725 before profit-taking dragged the price back below $690. Buyers absorbed the decline, and the token returned above the psychologically important $700 mark on Aug. 24.

On the 4-hour chart, BNB has been carving higher lows since the pullback. Its most recent candle traded between $692.94 and $705, a sign that buyers were defending dips beneath $700. The Chaikin Money Flow indicator stood at 0.07 on the 4-hour timeframe. A positive reading means more capital is entering the asset than leaving it, although the gauge has eased from the elevated levels recorded during the initial breakout.

Pasteur hard fork one day away

BNB's advance comes one day before the Pasteur hard fork is scheduled to activate on BNB Smart Chain. According to BNB Chain's upgrade schedule reported by crypto.news, Pasteur will go live at 2:30 a.m. UTC on Aug. 25, and node operators must install client version v1.7.7 before activation. A hard fork is a backward-incompatible protocol change: nodes running older software cannot follow blocks produced under the new rules once the activation height is reached, which is why operators are asked to migrate ahead of the deadline.

BNB, the token launched by exchange operator Binance in 2017, is also the native asset of the chain being upgraded. It pays transaction fees on BNB Smart Chain and serves as the stake that validators lock to operate the network under its proof-of-staked-authority consensus, so capacity and security changes to the chain sit close to the token's core use cases.

The upgrade combines three proposals intended to improve cross-chain transfer security, restrict permissions linked to replaced validator keys, and increase block capacity. Internal testing raised transaction throughput from 1,237 to 2,324 transactions per second. Whether mainnet throughput moves toward those tested figures after activation is the first network-level checkpoint once the fork is live.

Because Pasteur does not directly change BNB's supply — issuance is governed separately by the burn program that has been reducing the total from an original 200 million toward an eventual 100 million cap — it is difficult to separate the upgrade's effect from the broader market rally. Even so, the approaching activation has given traders a network-specific event to watch while demand for major crypto assets remains strong.

BNB Chain has also recorded a sharp expansion in tokenized real-world assets, blockchain-based representations of traditional instruments such as bonds, credit and commodities. Data from RWA.xyz, an analytics platform that tracks tokenization, showed more than 1.15 million RWA holders on the network, up nearly 580% over 30 days at the latest reading. The network held about $5.8 billion in distributed asset value, while 30-day RWA transfer volume reached $28.17 billion. Those figures measure activity involving tokenized assets and do not represent capital flowing directly into BNB.

US policy shift strengthens the broader market backdrop

BNB's rally followed a market-wide advance that lifted Bitcoin above $77,000 and pushed several large-cap altcoins through long-standing resistance levels. Improving US regulatory expectations formed part of that move.

On Aug. 18, the Securities and Exchange Commission proposed Regulation Crypto Assets, a tailored securities offering framework for certain investment contracts involving crypto assets. The proposal does not classify BNB or grant the token regulatory approval, but it signals that the SEC is considering defined fundraising and disclosure pathways instead of applying the existing securities registration system without crypto-specific exemptions. As with other SEC rule proposals, it would still need to move through a public comment period and final adoption before taking effect.

US macro conditions also supported risk assets after the Treasury Department doubled the planned size of long-term bond buybacks, from a maximum of $2 billion to at least $4 billion per operation. The program is intended to improve liquidity in older long-dated Treasury securities rather than inject funds directly into cryptocurrencies. Falling yields and a weaker dollar initially accompanied the announcement, creating a more favorable backdrop for Bitcoin and other risk-sensitive assets.

Resistance sits at $719 and $734

BNB's daily chart shows the rally has moved into an extended technical zone. The token crossed the Murray Math resistance level at $687.50 and was trading above the $703.13 overshoot level. The next targets marked on the chart are $718.75 and $734.38.

The $719 area is the first major test because it sits near the recent local high and an elevated band of short-liquidation exposure. A daily close above that level could open a retest of $725, followed by the $734–$745 region.

The daily Relative Strength Index, however, stood at 85.25, well above the conventional overbought threshold of 70, while its moving average sat lower at 69.85, showing how quickly momentum increased during the breakout. An overbought RSI does not guarantee a reversal, but it raises the risk of consolidation or a sharper pullback if buying slows.

The first support sits at $703, followed by the former resistance level at $687.50. Below that, the 4-hour Supertrend remained bullish at $663.13. Supertrend is a trend-following indicator that flips from bullish to bearish when price closes on the other side of its line, so a close beneath the indicator would weaken the short-term trend and put the $656–$640 region back in focus.

Liquidation heatmap points to $710

The 24-hour liquidation heatmap from CoinGlass, an analytics platform that tracks derivatives markets, showed the closest large concentration of leveraged positions around $709–$711, with BNB approaching that zone from below at the end of the chart. Further liquidation bands appeared between $714 and $720, suggesting that a break above $710 could trigger additional buying as short positions are forced to close. Higher clusters were visible near $724, $730, and $734.

On the downside, notable liquidity rested around $691, $687, and $682. A rejection from $710 could therefore pull the price toward those lower clusters, particularly if highly leveraged traders begin closing long positions.

Analyst view: $745 is the weekly breakout level

Crypto analyst EinsteinBTC1 identified $745 as the larger breakout level on BNB's weekly chart. The analyst said a weekly close above that resistance would confirm a move toward $960, with the former all-time-high region near $1,376 presented as a longer-term target.

$BNB IS APPROACHING A MAJOR BREAKOUT ZONE# $BNB has broken its descending trendline and is now pressing against the critical $745 resistance. THE BULLISH ROADMAP: → Weekly close above $745 = breakout confirmation → $960 = first major target → $1,376 = ATH retest zone THE… pic.twitter.com/HT1mLQjKzA — Einstein 👑 (@EinsteinBTC1) August 23, 2026

The forecast remains conditional. BNB must first overcome the $719–$734 resistance band while managing an overbought daily RSI. Holding above $687.50 would preserve the immediate bullish setup, whereas a loss of $663 would indicate that the current rally is losing strength.