BNB - Technical review and analysis

BNB had a completely downward trend with a high slope last week. Its price recorded a heavy fall to the $220 range after breaking the support of the $280-$275 range. Negative news about the Binance exchange played a big role in further price reduction. But if the positive reaction observed to the $218-$230 range continues, and reversal patterns are formed on this level, we can expect a range zone on this support and below the $260 range resistance. This week on the RSI indicator, we can expect a positive fluctuation to the specified resistance level if we see signs of return and favorable market conditions. Except for the monthly and weekly time frames, the price trend is downward in all time frames, and you have to wait until the conditions in the market are favorable. In the 1-hour time frame, if the price quickly returns to the $250 range, you can expect the price to stabilize at the $220 range.