The Bitcoin Cash price line turned bearish on the price chart for the 22nd of March. The coin fell below the $11.20 level by the end of the day while it traded within a day’s range of $10.7198882 — $11.5472174.
1-Day Binance Coin Price Analysis (22nd March)
The Binance Coin price line stood at the $12.00 level at the beginning of the day, after which it moved across the $12.40 mark to reach a day’s high of $12.4812203 US Dollars. The price line declined towards the $11.20 level following a bearish momentum. With irregular price patterns and a few price bounces, the cryptocurrency closed the day at the $10.9241872 mark. At the time of writing, the BNBUSD trading pair trades at $11.2049577 US Dollars.
Binance Coin: technical indicators
The 20-Day Exponential Moving Average (EMA) closed below the 50-Day Moving Average (MA) at $11.2326106. The 50MA closed at the top with a value of $11.2537316.
The Relative Strength Index (RSI) did not show any oversold or overbought instances for the coin on the 22nd of March. At the time of writing, the RSI had turned bearish and fell below the level 50 to reach the 39.63 mark.
Featured Image by Markus Spiske.
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.