$BNB (Binance Coin) is a major cryptocurrency, often used within the Binance ecosystem. Recently, its price trends have sparked interest among traders. Using technical analysis, BNB has displayed a pattern of support around $200 and resistance near $230, indicating a consolidation phase. The RSI (Relative Strength Index) suggests that the asset is neither overbought nor oversold, hovering near the 50 level. Moving averages, particularly the 50-day SMA, highlight a neutral trend, while trading volumes remain relatively stable. Traders anticipate a breakout as BNB approaches key Fibonacci retracement levels, signaling potential bullish or bearish movements.