BNB/USDT 1day chart analysis

This could be a great opportunity for BNB to reverse the trend to the bullish side as the price is pushing across the triangle resistance line. $260 plays faithful support and forms a consolidation after the setback in the BNB market.
If the price closes above two EMA, which also means breaking through the upper line, BNB could further rise to $340. On the contrary, if the price doesn’t hold on to the current level and drops back the pattern, $260 support might be in danger, leading the price to the support line of the descent channel.
Trend Analysis

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