As we mentioned in the last analysis on Aug 25, BNB wasn’t strong enough to break back into the bullish channel. Now it’s still at the risk of breaking down the bullish support. It drop out of the bullish channel on 26th and held the support at $271-$266.4 gathering the strength to go back in.
The current price is suppressed by the intraday resistance at $291.3. Only by breaking up $298.4 for 24 hours could it recover in the bullish channel.
As BNB broke down the short-term bullish channel while facing the same macro pressure as BTC does, monitor closely both the final key support of BTC and $278.5-$277.8 of BNB.
The core support of BNB is $253.2-$247.9.
The current price is suppressed by the intraday resistance at $291.3. Only by breaking up $298.4 for 24 hours could it recover in the bullish channel.
As BNB broke down the short-term bullish channel while facing the same macro pressure as BTC does, monitor closely both the final key support of BTC and $278.5-$277.8 of BNB.
The core support of BNB is $253.2-$247.9.