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Binance Coin price falls to $15.9

Binance Coin price falls to

The Binance Coin price line trended downwards on the 24th of June. The cryptocurrency fell from a high above the $16.60 level to a low near the $15.90 mark. BNB price varied within a day’s range of $15.85 to $16.64.

1-Day Binance Coin price analysis (24th June)

Binance Coin price chart 1 - 24 June

Binance Coin Price Chart by Trading View

At the beginning of the 24th of June, the BNBUSD pair traded near the $16.40 level, while the price trajectory moved towards the $16.60 mark as the day proceeded. After the first quarter of the day, Binance Coin reached a day’s high of $16.64 US Dollars and the cryptocurrency turned highly bearish around 07:30 GMT.

At the time, the price fell towards the $16.20 mark, and it saw a further downtrend towards the $16.10 mark near 10:30 GMT. From noon until the end of the day, the BNB price line showed ruffled movements between the $15.90 and $16.20 levels. The cryptocurrency’s price was observed at the $15.93 mark at the time of the trade’s closure.

Binance Coin; technical indicators 

Binance Coin price chart 2 - 24 June

Binance Coin Price Chart by Trading View

The 20-Day Exponential Moving Average (20EMA) closed at $15.955 on the 24th of June, while the 50-Day Moving Average (50MA) was at the $15.952 mark at the time of writing.

The Relative Strength Index (RSI) fell to a low of 11.74 near 07:30 GMT. Such a low value for the RSI indicator shows that the cryptocurrency was oversold at the time. At the time of writing, the technical indicator was observed at a value of 43.19.

Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan.com holds no liability towards any investments based on the information provided on this page.

Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

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