Binance Coin price movement lost the bullish momentum that the coin achieved on the 27th of February, to reach across the $19.70 mark.
The cryptocurrency returned below the $18.60 level while falling short of the $18 mark on the price chart for the 28th of February. Currently, the Binance Coin trades between a range of $17.8106092 — $19.7974707.
1-Day Binance Coin price analysis (28th February)
The coin short of the $18 mark, after rising towards the $19.80 level on the 27th of February. Previously, the cryptocurrency’s price line had broken the downtrend and started to appear bullish.
However, the BNBUSD pair has discontinued the ongoing uptrend on the 28th of February. The cryptocurrency began the fall after 03:00 GMT, while it had reached the day’s low of $17.907 by the afternoon. Currently, BNBUSD pair shows ruffled price movements near the $18.60 level.
As of now, the Binance Coin / US Dollar pair trades at a price of $18.968 US Dollars.
Binance Coin: Technical Indicators
The 20-Day Exponential Moving Average (EMA) traced above the 50-Day Moving Average (MA) whenever the price line saw an upward movement on the price chart, while the contrary happened whenever the price line was under a downtrend. The 20EMA closed with a value of $18.6111647, while the 50MA concluded at $18.6195879.
The Relative Strength Index (RSI) looks quite volatile on the 1-Day chart, while it currently stands bearish under the level 50.00, at 37.90.
Featured Image by Sandro Katalina.
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.