🚨 BNB at $702.. Will the Pasteur upgrade be the spark for the next move?
Peace be upon you! 🔥
BNB is currently trading near 702, after a volatile move today, while maintaining relatively strong performance:
📈 Week: +16.28%
📈 Month: +24.11%
📈 6 months: +20.14%
🐋 Whales are moving
A wallet was spotted that withdrew around 8,474 BNB worth about $5.9M from Binance, then deposited it into Venus and borrowed USDT—potentially signaling the building of a larger position in BNB.
⚙️ Pasteur Hard Fork tomorrow
BNB Chain is preparing to activate the Pasteur upgrade on the mainnet on August 25.
The upgrade focuses on improving bridge security, enhancing validator management, and increasing the network’s capacity to process transactions. In tests, throughput rose from 1,237 to 2,324 TPS.
📊 Technically from the chart:
🔴 Resistance: $704–$707
🎯 Breaking above it could pave the way toward $710 and higher levels.
🟢 First support: $700
🟢 Second support: $696
🟢 Stronger support: $694
🎯 Scenario:
If BNB regains $704–$707 and holds above them, we may see another attempt to move upward.
On the other hand, losing $700 could send the price back to test $696, then $694.
⚠️ With the upgrade approaching and volatility rising, it’s best to wait for confirmation of the move instead of chasing the price.
💬 What do you think?
Will Pasteur push BNB above $710? 🚀
Or will we see a correction first toward $694?
#BNBChain
$BNB
Peace be upon you! 🔥
BNB is currently trading near 702, after a volatile move today, while maintaining relatively strong performance:
📈 Week: +16.28%
📈 Month: +24.11%
📈 6 months: +20.14%
🐋 Whales are moving
A wallet was spotted that withdrew around 8,474 BNB worth about $5.9M from Binance, then deposited it into Venus and borrowed USDT—potentially signaling the building of a larger position in BNB.
⚙️ Pasteur Hard Fork tomorrow
BNB Chain is preparing to activate the Pasteur upgrade on the mainnet on August 25.
The upgrade focuses on improving bridge security, enhancing validator management, and increasing the network’s capacity to process transactions. In tests, throughput rose from 1,237 to 2,324 TPS.
📊 Technically from the chart:
🔴 Resistance: $704–$707
🎯 Breaking above it could pave the way toward $710 and higher levels.
🟢 First support: $700
🟢 Second support: $696
🟢 Stronger support: $694
🎯 Scenario:
If BNB regains $704–$707 and holds above them, we may see another attempt to move upward.
On the other hand, losing $700 could send the price back to test $696, then $694.
⚠️ With the upgrade approaching and volatility rising, it’s best to wait for confirmation of the move instead of chasing the price.
💬 What do you think?
Will Pasteur push BNB above $710? 🚀
Or will we see a correction first toward $694?
#BNBChain
$BNB
