BNB Surges Past $600 as Analysts Eye $700 Target

BNB's price has been steadily increasing, trading at $608.22 as of August 9, 2026, up 1.3% in the past 24 hours. The token's market cap now sits at $80.99 billion, according to CoinMarketCap. Analyst Umair Orakzai points out that BNB has moved above a 1:1 risk-to-reward ratio, which could lead to further price growth.

Orakzai suggests shifting the stop-loss closer to the entry point to protect gains while allowing for potential profit. He identifies $620 as the next key level of resistance, with a clean move above this level potentially opening the path to $660 and then $700.

The BNB/BTC trading pair is also showing strength, supporting the idea that buyers still hold the upper hand. However, BNB's price action remains neutral, mirroring Bitcoin's own sideways movement across the broader market.