Can BNB Price Rebound to Hit $250? Bullish Pattern Sets a 16% Rally

During the September market correction, the Binance coin price experienced a significant drop from a high of $234.8, culminating in a V-top reversal displayed on its daily chart. This slump effectively wiped out the gains acquired during the final week of August, dragging the coin’s value down by 13% to hit a low of $204. Yet, recent signs of buying momentum have steered the BNB price away from this support level. However, can this rebound cultivate a renewed bullish recovery?