BNB Price Prediction: Can Binance Coin Break Above $823 After Network Catalyst?

The Binance Coin (BNB) price has been steadily climbing along an ascending trendline on its 1-hour chart, fueled by buying pressure from leveraged traders. According to live data from CoinGlass, BNB's current market price is $699.67, up 2.47% in the past 24 hours.

The network calendar is also lining up with a positive event: BNB Chain will activate its Pasteur hard fork on August 25, bringing upgrades that target throughput and bridge security. This kind of network catalyst tends to get read as a fundamental positive heading into the activation date, adding weight to this price forecast.

The liquidation data shows a mixed but informative pattern, with long-side liquidations slightly outpacing short-side ones in the most recent hours. However, zooming out further reveals that shorts were dominant over the 12-hour window before the uptrend squeezed them through the middle of the day.

For traders, the question is whether BNB can break and close above $727.18 to confirm buyers want to push the price higher. A successful breakout would open the path toward $746.44 and then $823.30, while a break and 1-hour close below $687.26 would shift the near-term bias.