The Binance Coin price line sees further decline towards the $18 mark. The cryptocurrency is said to be following Bitcoin’s price trends like other altcoins. The BNBUSD pair has been under a continuous downtrend on the 25th and the 26th of February. Currently, the cryptocurrency has a day’s range of $17.7516574 — $20.5202781.
1-Day Binance Coin Price Analysis (26th February)
On the chart shown above, the cryptocurrency lay above the $21.00 mark at the start of this 24-Hour chart. However, the cryptocurrency followed the downtrend after seeings bears on the 25th of February.
The downtrend followed the BNBUSD pair till the next date and the coin immediately fell to the $19.00 level at the start of the 26th of February. Currently, the price line stays at $18.7432540 US Dollars.
Binance Coin: Technical Indicators
The Relative Strength Index (RSI) showed an oversold instance for the coin at the start of the 26th of February. The RSI fell to a low of 13.42, after which it resumed its movements above level 25.00. Currently, the RSI is placed at 54.82.
The 20-Day Exponential Moving Average (EMA) was seen closing at $18.7411655, while the 50-Day Moving Average (MA) closed at $18.7206624.
According to coinmarketcap.com, Binance Coin is placed as the 9th coin in the list of cryptocurrencies with a market capitalization of $2,877,677,385 US Dollars.
Featured Image by Ivars Krutainis.
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.