The Binance Coin price line was observed heading down on the price chart for the 8th of March. The cryptocurrency fell below the $17.00 mark after exhibiting a continuous decline over the 24-Hour price chart. Binance Coin trades within a day’s range of $16.7963613 — $17.6338647.
1-Day Binance Coin Price Analysis (08th March)
The cryptocurrency entered the day’s chart with a starting price above the $20.00 mark. The coin saw a continuous bearish momentum and it gradually moved downwards over a slope until just before the day’s closure when the price line suddenly dropped from the $18 mark to below the $17 mark. The coin closed the day with a trading value of $16.899 US Dollars. At the time of writing, the Binance Coin / US Dollar trading pair stood at $17.3198873 US Dollars.
Binance Coin: technical indicators
The 20-Day Exponential Moving Average (EMA) was seen closing at the $17.3256107 mark, while the 50-Day Moving Average (MA) closed above the 20EMA, at $17.3649771. The Relative Strength Index (RSI) turned bearish after moving across the level 70.00, and it currently stands at 49.15.
Featured Image by Rick Tap.
Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan holds no liability towards any investments based on the information provided on this page.