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Home News Binance News

Binance Coin price approaches $21

Taha Farooqui by Taha Farooqui
August 3, 2020
in Binance News
2 min read
Binance Coin price approaches $21
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On the 2nd of August, the Binance Coin price line fell towards the $20 mark following the altcoin market’s fall. The cryptocurrency gradually made its way towards the $21 level as the day proceeded towards its end.

1-Day Binance Coin price analysis

Binance Coin price chart 1 - 2 August

Binance Coin price chart by Trading View

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At the beginning of the 24-Hour trade, Binance Coin stood just above the $21.5 mark, after which it made its way towards a day’s high of $22.12 US Dollars. Once the cryptocurrency met its day’s high, the coin fell towards a day’s low of $19.30, after which it showed a few ups and downs in its price until noon.

In the afternoon, the cryptocurrency made its way from the $20 level, towards the $21 mark. At the time of writing, Binance Coin was observed trading at $21.12 US Dollars.

Binance Coin technical indicators

Binance Coin price chart 2 - 2 August

Binance Coin price chart by Trading View

The moving average technical indicators fell towards the $20.50 as soon as the cryptocurrency market turned bearish near 04:40 GMT. The 20-Day Exponential Moving Average (20EMA) fell to a low of $20.09, while it was observed at $21.07 at the time of writing. The 50-Day Moving Average (50MA) stood at $20.17 when it approached its lowest for the 2nd of August, whereas it closed the day with a value of $21.03.

The Relative Strength Index (RSI) was observed at a day’s low of 3.42 when the coin fell below the $19.50 level. At the time, Binance Coin was highly oversold. At the time of writing, the RSI was observed at 53.65.

Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan.com holds no liability towards any investments based on the information provided on this page.

Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

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