Binance BNB price moves downstream to $20.36

binance coin bnb price analysis

Significant movement for the Binance BNB price since the previous day has been below the baseline owed to the volatility of the crypto-market as a whole. 

1-Day Binance BNB Price Chart (BNB/USDT)

binance bnb price chart 1

Binance BNB Price Chart by Trading View

Maintaining an average of $20.4, Binance appeared to have moved downstream after the day’s opening, whereby initially, the price increased to reach the day’s high of $20.83 (the BNB/USDT pair equaled at the high of $20.5). The low for the day has been $20.36 (BNB/USDT $20.1), and the price range remained amid $20.74 and $20.49. The graph above showcases that notable market action for this coin has been below this stipulated baseline ($20.4).

Technical Indicators

binance bnb price analysis graph 2

Binance BNB Price Chart by Trading View

The day closed as the SMA, and the EMA interlaced before falling, following the pattern of the price. The 50-day Simple Moving Average closed at $20.549 while the 20-day Exponential Moving Average closed at $20.311.

The Relative Strength Index (RSI) closed at 40.50, which depicts bearish movements.

The momentum seemed to increase as it closed at 0.11053.

The market cap ranged between $3.23B and $3.19B, with a low of $3.17B and a high of $3.24B; the median was $3.20B.

The trading volume ordered between $194.66M and $249.56M, with a median of $237.11M.

Featured Image by Flickr

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

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