- 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.