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Binance Coin price falls to $21.90: What’s next?

Binance Coin price falls to

The Binance Coin price line gradually shows a slope directed downwards on the price chart for the 24th of February. The cryptocurrency rested at the $22.80 mark from its last 1-Day price trek. On this day, the coin saw a price jump towards the $23.40 level, after which it fell to the $22.60 mark.

As of now, the cryptocurrency trades with day’s range of $21.4342800 — $23.5489567 as the price saw a bearish momentum in the evening and fell below the $21.60 mark.

1-Day Binance Coin Price Analysis (24th February)

Binance Coin Price Chart

Binance Coin Price Chart by TradingView

The cryptocurrency exhibited traded over the $22.80 level until the end of the 23rd of February. After the coin had entered the chart for the 24th of February, the cryptocurrency bounced towards the $23.40 level and marked a high of $23.343 US Dollars. The coin fell to the $22.60 level, where it trades throughout the day and until the evening, after which the price line was observed curving towards the $21.60 level.

Right after 18:00 GMT, the cryptocurrency had approached a low of $21.464 US Dollars. After seeing some price recovering, the coin lies at $21.9419648 US Dollars.

Binance Coin: Technical Indicators

Binance Coin Featured Price Chart

Binance Coin Featured Price Chart by TradingView

The 20-Day Exponential Moving Average (EMA) lies at $21.8607588, which is its closing point for the day. The 50-Day Moving Average (MA) was observed closing at the $21.7823626 mark. The Relative Strength Index (RSI) has stayed above level 50.00 for most of the day, while it currently lies at 65.08.

Featured Image by Aperture Vintage.

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.

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