Binance Coin price consolidates near the $12 mark

Binance Coin price consolidates near the mark

The Binance Coin price line showed irregular variations on the price chart for the 21st of March. The cryptocurrency rose across the $12.40 mark before the day came to an end. The BNBUSD pair traded within a day’s range of $11.8058495 — $12.5716115.

1-Day Binance Coin Price Analysis (21st March)

Binance Coin Price Chart

Binance Coin Price Chart by TradingView

The cryptocurrency stepped on to the day’s chart with a trading value below the $12.00 mark. The coin rose across the $12.20 level, after which it fell below the $11.40 following a bearish momentum. In the afternoon, the cryptocurrency exhibited relatively less volatile price variations. The coin gradually moved across the $12.40 mark to reach a day’s high of $12.4509 US Dollars. The cryptocurrency eventually saw to the day’s closure with a trading value of $12.0544 US Dollars.

Binance Coin: technical indicators

Binance Coin Featured Price Chart

Binance Coin Featured Price Chart by TradingView

The Relative Strength Index (RSI) turned bullish before closing the day’s chart. It rose across the level 50 to reach 60.28. The coin stayed in between the levels 30 and 80 for the 21st of March.

The 20-Day Exponential Moving Average (EMA) closed at the $12.2794457 mark, whereas the 50-Day Moving Average (MA) closed below the 20EMA, at $12.2719905.

Featured Image by Mark Finn.

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.

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