BNB Price Analysis: Binance Coin (BNB) Forms An Ascending Triangle After Months of Downtrending

• BNB price fell nearly -50% during the month of June
• An ascending triangle has formed after nearly a 40% revival off lows
• Resistance at $316 is holding BNB price back from further revival

Binance Coin had an amazing year as it reached highs over $600 while trading at only $30 in mid 2020. The last few months have been bearish for the vast majority of cryptocurrencies as BNB fell nearly -70% from its ATH set in May. For the first time in nearly 2 months, the price of BNB price has printed a bullish ascending triangle which may signal a short or mid term bottom is in.