This past week, BNB price saw a major decline from well above $280. There was a steady decline below the $250 support zone, putting pressure on Bitcoin and Ethereum. The price even tested the $220 support zone. A low is formed near $220.6 and the price is now slowly moving higher. There was a move above the $230 resistance. The bulls pushed the price above the 23.6% Fib retracement level of the downward move from the $317.0 swing high to the $220.6 low.