On the 9th of July, the Binance Coin price line gradually made its way towards the $16.65 mark, while it traded at a high above the $17.40 level at the beginning of the day’s trade.

1-Day Binance Coin price analysis (9th July)

Binance Coin Price Chart by Trading View

On the 9th of July, Binance Coin initiated the trade with a price near the $17.20 mark, after which it moved past the $17.40 level and gained a day’s high of $17.46 US Dollars. The cryptocurrency turned bearish right after approached the day’s highest trading value and it fell towards the $16.80 mark, after which it traded between the $16.75 and $17.20 price levels until 15:00 GMT.

In the evening, the cryptocurrency further fell towards the $16.50 mark, while it returned above the $16.80 mark near 21:00 GMT. At the time of writing, Binance Coin was priced at $16.65 US Dollars.

Binance Coin technical indicators 

Binance Coin Price Chart by Trading View

The Relative Strength Index (RSI) rose to a day’s high of 82.37 at 05:18 GMT, while for the rest of the day’s trade, the RSI indicator was shown below 70.00 on its scale. Near 15:00 GMT, the RSI fell towards a low of 17.87. At the time of writing, the technical indicator was observed closing at 45.20 on the 1D chart.

The 20-Day Exponential Moving Average (20EMA) and the 50-Day Moving Average (50MA) fell below the $16.60 level as during the 24-hour trade. At the time of writing, the 20EMA was observed at the $16.65 mark, whereas the 50MA was seen at the $16.64 level at the same time.

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.

This post was last modified on July 11, 2020 3:42 pm