BNB Price Hits $704 as Crypto Rally Continues Ahead of Pasteur Hard Fork
The price of BNB has surged nearly 16% over the past week, reaching around $704 on August 24. This increase is part of a broader crypto market rally and anticipation for the upcoming Pasteur hard fork on August 25.
The upgrade aims to improve network security and capacity without affecting BNB supply, which has supported positive trader sentiment.
However, technical indicators show that BNB is in overbought territory with resistance near $719 and $734, suggesting potential consolidation or pullback before any further gains.