<em>BNB prices break under the support trendline, and the $275 mark teases a downtrend to the crucial bottom support level of $260.</em>

The higher price rejection candles in the BNB price chart after the recent fallout of the support trendline with a bearish engulfing candle of 7.24%. Moreover, the deteriorating market conditions complicate matters and tease a downtrend continuation.  So, should you consider taking a short position for the short term?

<strong>Key Points: </strong>
<ul>
 	<li>The BNB price continues to fall under the support trendline.</li>
 	<li>The bearish candle streak continues for over four days.</li>
 	<li>With a market cap of $44.23 Billion, the intraday trading volume of Binance has decreased by 5.49% to reach $814 million.</li>
</ul>
<img class="alignnone" src="https://s3.tradingview.com/snapshots/f/foLqysTp.png" alt="BNB/USD Price Chart" width="2047" height="1057" />

<strong>Source- </strong><a href="https://www.tradingview.com/x/foLqysTp/" target="_blank" rel="noopener">TradingView</a>
<h2><span style="font-weight: normal">BNB Technical Analysis </span></h2>
The BNB prices broke below the support trendline to continue the prevailing downtrend. Therefore, this breakdown increases the possibility of a downtrend to the $260 mark.

The falling prices maintain higher price rejection candles forming in the daily chart, reflecting an increase in selling pressure. Finally, the prices revert from the broken resistance trendline, projecting a successful post-retest reversal.

Currently, trading at $273 Binance token shows an intraday fall of 2.37% forecasting a downtrend. If the selling pressure grows, the <a href="https://www.cryptoknowmics.com/news/bnb-technical-analysis-can-binance-token-price-survive-above-300/">BNB</a> prices may shortly break below the $260 mark to test the psychological mark of $250.

Conversely, a bullish reversal breaking above the resistance trendline will retest the split $300 horizontal level.
<h2><span style="font-weight: normal">Technical Indicators </span></h2>
The RSI slope maintains a bearish trend below the halfway line under the influence of the 14-day SMA. Furthermore, the MACD indicator displays the bearish gap between the fast and slow lines increasing as they cross below the zero line.

Hence, the technical indicators soon project a downfall in the BNB prices to test the psychological mark of $250.

<strong>Resistance Levels:</strong> $280 and $300

<strong>Support Levels:</strong> $260 and $250

BNB Technical Analysis: Prices Drop Under $275 As Selling Pressure Grows

BNB Technical Analysis shows prices breaking under the support trendline, and the $275 mark teases a downtrend to the crucial bottom support level of $260.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

BNB Technical Analysis: Prices Drop Under $275 As Selling Pressure Grows

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