Binance Coin price continues to rest near the $24 mark after bouncing back up from the mean. The coin had fallen to the $22 mark after depicting overextension above the $26 level.
However, the cryptocurrency seems to have approached a resting price near the $24.00 mark on the price chart for the 19th of February.
1-Day Binance Coin Price Analysis (19th February)
As seen in the price chart above, the cryptocurrency shows disheveled ups and downs in the price trend. The price line can be observed hovering above and below the $24.00 ever since the cryptocurrency bounced back from the mean position. The coin seems to have moved out of the bearish MACD.
Binance Coin had reverted back to the mean on the 17th of February, after seeing to an overextension made above the $26 mark. At the time of writing, the Binance Coin / US Dollar trading pair is observed at $24.1415074.
Binance Coin: Technical Indicators
The Relative Strength Index (RSI) can be seen varying between 30.00 and 70.00 for most of the day. The RSI saw a low of 26.08 at 04:03 GMT. Currently, the RSI lies at 39.89.
The other two technical indicators can be seen sketching their paths near the BNBUSD pair while converging near the $24.00 mark. The 20-Day Exponential Moving Average (EMA) shows a closing value of $24.2505143, whereas the 50-Day Moving Average (MA) closed at $24.2195809.
Featured Image by Taylor Van Riper.
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.