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Binance Coin price falls below the $14.60 mark

Binance Coin price falls below the mark

The BNBUSD pair fell below the $14.60 level on the 7th of April. The cryptocurrency traded between the $14.20 and $15.60 levels on the price chart for the day.

1-Day Binance Coin Price Analysis (7th April)

Binance Coin Price Chart

Binance Coin Price Chart by TradingView

The cryptocurrency was on a bullish momentum at the beginning of the day. The price line rose across the $15.40 level as it entered the day’s chart. The BNBUSD pair reached a high of $15.5056258 US Dollars, after which it fell to the $14.80 mark. With ruffled price movements, the cryptocurrency saw another rise across the $15.40 level, which was followed by a long bearish movement that made the price line fall below the $14.40 mark. The cryptocurrency reached a day’s low of $15.2585577 US Dollars. BNB closed the day with a trading value of $14.6899006 US Dollars.

Binance Coin: technical indicators

Binance Coin Featured Price Chart

Binance Coin Price Chart by TradingView

The 20-Day Exponential Moving Average (EMA) closed at $14.6568118, while the 50-Day Moving Average (MA) closed below the 20EMA, at $14.6069149.

The Relative Strength Index (RSI) fell to a low of 10.09 at 02:25 GMT, which means that the coin was highly oversold at that time. The RSI closed the day at 60.30.

Featured Image by pixabay.

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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