Binance Coin over the last few sessions has managed to find some upside momentum again, after a period of consolidation. BNB/USDT was pumping up aggressively from 10th May, having advanced as much as 90% up to the recent all-time-high on 25th May. The price rallied from $18 up to $35, before then falling into a sideways range.
During the most recent solid push higher, the bulls were supported by an ascending trend line within the above-noted period. BNB/USDT after printing the new heights cooled and breached the support to the downside. A breakout and retest have been observed; however, the bearish momentum did not gather enough pace.
Credits to the author