BNB Price Prediction: Is the Downtrend Just Getting Started?

BNB price (Binance coin) is down over 25% and trading below $250 against the US Dollar. The price could drop further toward the $200 support.Binance coin price is moving lower below the $250 support against the US Dollar.
The price is now trading below $250 and the 100-day simple moving average.
There is a key bearish trend line forming with resistance near $280 on the daily chart of the BNB/USD pair (data source from Binance).
The pair could accelerate further lower if it breaks the $220 suppor