The Binance Coin price line fell below the $20.00 mark on the 7th of March. The cryptocurrency trades within a day’s range of $19.2218567 — $20.4013670. The market of the cryptocurrencies seems to have turned bearish on the 7th of March.
1-Day Binance Coin Price Analysis (07th March)
Binance Coin began the day’s trade with a trading price of $21.47 US Dollars. The cryptocurrency can be seen trading above the $21.00 level for most the day. The entering price for the 7th of March was the highest price for the day. At 16:40 GMT, the cryptocurrency saw a decline and moved below the $19.80 mark.
The cryptocurrency traded at $20.1811 US Dollars at the time of closing for the 7th of March. On the 8th of March, the cryptocurrency saw another bearish movement and moved below the $19.40 level. Currently, the coin trades at $19.6056745 US Dollars.
Binance Coin: technical indicators
Both of the moving averages currently stand bearish, where the 20-Day Exponential Moving Average (EMA) stands below the BNBUSD pair, at $19.5737319. The 50-Day Moving Average (MA) closed below the 20EMA, at $19.4708843.
As for the Relative Strength Index (RSI), it was seen moving across level 80.00 to reach a day’s high of 81.65 at the time of closure for the 7th of March. At the time of writing, the RSI was observed at 66.72.
Featured Image by Chris Liverani.
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.