- BNB coin price breaks below the rising channel support trendline.
- The fallout rally challenges bullish dominance at the $230 support zone.
- A breakdown below $230 could crash the BNB price to $200.
- Altcoins mark a third bearish day this week, leading to a 5.78% drop in BNB in the last 8 days.
- Failure to rise above the 50-day EMA and $250 leads to a rising channel fallout.
- Binance coin price shows a 3.62% drop in the last two days, with increased trading volume.
- The crucial support zone of $230 may provide a reversal spot, with the possibility of a retest as sellers get exhausted.
- Technical indicators like MACD and RSI show increased bearish sentiments.
- If buyers absorb the supply pressure, $230 could be a bounce pad to reach $250.
- A closing below the support zone could mark an intense correction phase, prolonging the fallout rally to $200.