Will BNB bounce to $250?

• 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.