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Binance Coin price falls to $17.50 range

Binance Coin price falls to

Binance Coin Price Chart In the afternoon, the cryptocurrency turned bearish and moved towards the $17.50 mark. The cryptocurrency traded within the range of $17.51 — $17.775 throughout the day only to fall down.

1-Day Binance Coin price analysis (6th June)

Binance Coin price chart 1 - 6JunBinance Coin Price Chart by Trading View

At the start of the day, the BNBUSD trading pair stood below the $17.60 level. The cryptocurrency was observed moving towards the $17.80 mark. By noon, Binance Coin approached a day’s high of $17.7906168 US Dollars, after which the cryptocurrency’s price line dropped below the $17.65 level.

According to coinmarketcap.com, Binance Coin has a market capitalization of $2,739,391,238 US Dollars and a total circulating supply of 155,536,713 BNB.

Near 17:00 GMT, BNB price had fallen towards the $17.55 mark, after which it exhibited an uptrend towards the $17.70 level. This uptrend was followed by a quick retracement towards the $17.55 level. At the time of writing, Binance Coin traded at $17.5399466 US Dollars.

Binance Coin: technical indicators

Binance Coin Price Featured ChartBinance Coin Price Chart by Trading View

On the 6th of June, the moving averages moved towards the $17.80 level until noon, afterward they depicted a downtrend for the BNBUSD trading pair.

The 20-Day Exponential Moving Average (EMA) closed at $17.5518988, while the 50-Day Moving Average (MA) approached the day’s closure at $17.5560407.

The Relative Strength Index (RSI) reached lows of 19.57 and 20.11 at 12:30 GMT and 16:50 GMT. Such values for the technical indicator show that Binance Coin was oversold at the time. At the time of writing, the RSI indicator was observed at 41.59.

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.

Johnson Go

Johnson Go

Blockchain enthusiast, project management specialist, writer and crypto investor. JG deals mostly with problems and solutions of crypto projects and provides market outlook for investments. He contributes his analytical skills to projects.

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