Continuing from where the Binance Coin BNB price left off, it displayed a rise over the baseline as it traced its path from the 17th into the 18th of November in a progressive pattern.
Opening at $20.18 and closing at this same value, the Binance price has shown a rise from the last week where this bullish trend had reversed to morph into a bearish one.
1-Day Binance Coin BNB Price Analysis (BNB/USD)
Binance Coin BNB Price Chart by Trading View
Indicated by the graph showcased above, the trend for Binance showed a positive outlook. The price remained moving progressively to consolidate its gains above the baseline set at $19.77. The price tipped at the resistance level of $20.50 before it found its way back around the benchmark. It appears Binance is still unable to exceed in an amount beyond $20. The price of Binance Coin ranged between $20.24 and $20.45, with a minimum value of $20.11 and the high as mentioned previously.
Technical Indicators
Binance Coin BNB Price Chart by Trading View
As shown by the charts above, although the coin has not been able to surge all the way to $21, it has, thus far, remained in the bullish zone displayed by the blue trend lines.
The Relative Strength Index closed at 55.24 showing a slight bullish upturn. Similarly, the 50-Day SMA and the 20-day EMA followed the path of the price and majorly hovered around said price. Each of them closed at $20.218.
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