Ethereum
$ 1,052.83 1.33%
Solana
$ 32.98 0.47%
Dogecoin
$ 0.067169 1.79%
ApeCoin
$ 4.49 0.00%
Bitcoin
$ 19,255.35 1.47%
BNB
$ 216.23 1.01%

Binance Coin price below the $17 mark

Binance Coin price below the mark

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)

Binance Coin Price Chart

Binance Coin Price Chart by TradingView

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

Binance Coin Featured Price Chart

Binance Coin Featured Price Chart by TradingView

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.

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.

Related News

Hot Stories

Uniswap price analysis:  UNI/USD in strong bearish grip as price slides down to $4.87
Aave price analysis: AAVE gains positive momentum towards $56.3
Ethereum price analysis: ETH fails to retrace, consolidates around $1,050
Avalanche price analysis: AVAX /USD is under a bearish spell, as the price depreciated to the $16.10 level
Chainlink price analysis: LINK finds support at $6.00

Follow Us

Industry News

Three Arrows files for Chapter 15 bankruptcy in New York
KuCoin boss denies halting withdrawals
Crypto plunges to its worst in 11 years
CoinFlex CEO announces a shift in withdrawal date
Three Arrows could be liquidated due to the crypto market's bearish streak