Will BNB reverse its long downtrend?

Hello everyone, let's take a look at the BNB to USDT chart over the 1 day timeframe. As you can see, we have been moving in the downtrend channel for a long time, while locally we are in an uptrend and in a place where we can try to break out of a long-term downward trend.

Let's start with the designation of the support line and as you can see the first support in the near future is $ 301, if the support breaks down, the next support is $ 279 and $ 260.

Now let's move from the resistance line, as you can see the first resistance we are currently struggling with is $ 322 breaking the first resistance will give us a potential exit from the long downturn channel, if we can break it, the next resistance will be $ 354 and $ 400.

Looking at the CHOP indicator, we can see that in the 1-day range we have a lot of energy, and the MACD indicator shows that we are in a downward trend locally.