Ethereum
$ 1,179.86 3.26%
Solana
$ 37.44 6.42%
Dogecoin
$ 0.069696 7.36%
ApeCoin
$ 4.87 0.09%
Bitcoin
$ 20,699.00 2.24%
BNB
$ 233.64 1.25%

Binance Coin price falls by $1.55 percent: What’s next?

Binance Coin price falls by percent What s next

The Binance Coin price line was seen approaching a high above the $19.80 mark while it traded between the $19.40 and $19.80 marks through most of the day before it saw bears to the $18.80 on the 01st of March. The cryptocurrency exhibited a day’s range of $18.7301910 — $19.4119625.

1-Day Binance Coin price analysis (1st March)

Binance Coin Price Chart

Binance Coin Price Chart by TradingView

The cryptocurrency began its trade above the $19.40 mark on the 01st of March and it stayed between the $19.20 and $19.80 levels until in the evening. The Binance Coin / US Dollar trading pair saw a downtrend and the cryptocurrency’s price line fell towards the $18.70 level.

Binance Coin currently appears to be consolidating with no bullish momentums, the coin has traded between the $18 — $19 range for nearly three days now.

Binance Coin: technical indicators

Binance Coin Featured Price Chart

Binance Coin Featured Price Chart by TradingView

Out of the moving average technical indicators, the 20-Day Exponential Moving Average (EMA) traversed above the 50-Day Moving Average (MA) whenever the cryptocurrency saw an uptrend and vice versa. The 20EMA closed the day with a value of $19.2214754, and the 50MA closed at $19.1564316.

The Relative Strength Index (RSI) currently stands at 60.06, while it fell to a day’s low of 23.41 when the BNBUSD pair saw bears on the 01st of March.

As per coinmarketcap.com, Binance Coin has a market capitalization of $3,009,935,409 US Dollars.

Featured Image by Robert Katzki.

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.

Related News

Hot Stories

Bitcoin, Ethereum, Shiba Inu, and Avalanche Daily Price Analyses – 27 June Roundup
Chainlink price analysis: LINK value drops to $6.5 after a bearish slide
Cryptopolitan to host Vidma in upcoming Web3 Masterminds session
Bitcoin price analysis: BTC retests $21,500, swift drop to $20,000 incoming?
Eminem promotes a BAYC video alongside Snoop Dogg

Follow Us

Industry News

Nexo reacts to new Emblezzlement allegations and threatens legal action
Bear market 2022 hits crypto to its worst in historic records
Anonymous plans to bring Do Kwon to justice
Mastercard survey: 50% of Latin Americans use crypto
Margin calls and bot liquidations add chaos to crypto as its market cap hits $964b