The Binance Coin price line moves across the $16.40 level for its 1-Day trade for the 23rd of April. The cryptocurrency had traded between the $15.40 and $16.40 levels for the day.
1-Day Binance Coin Price Analysis (23rd April)
It can be observed in the chart above that the cryptocurrency’s price line entered the day’s trade with a trading value near the $15.70 mark. The BNBUSD pair kept the trade between the $15.40 and $15.80 levels until the afternoon on the 23rd of April, when BNB saw a bullish momentum and the price line shot across the $16.40 level, to a day’s high of $16.4198933 US Dollars.
As the day proceeded, the price line retraced towards the $16.00 level, while the day concluded as the cryptocurrency struck a trading value of $16.0442007 US Dollars.
Binance Coin: technical indicators
The 20-Day Exponential Moving Average (EMA) and the 50-Day Moving Average (MA) closed above $16 after they had observed an incline on the price chart for the day. The 20EMA closed at a value of $16.0455286, while the 50MA closed above the 20EMA, at $16.0725208.
The Relative Strength Index (RSI) fell to a value as low as 13.72 at 06:00 GMT. Such a low value of the RSI indicates that the cryptocurrency was oversold at that time. The RSI closed at 48.62.
Featured Image by Gerd Altmann.
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.