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Binance Coin price nears $12.30

Binance Coin price nears

The Binance Coin price line trades below the $12.40 level for the 28th of March on which it traded within a day’s range of $11.8500669 — $12.2959330. The coin had fallen below the $11.70 level before it ended trade near $12.30.

1-Day Binance Coin Price Analysis (28th March)

Binance Coin Price Chart

Binance Coin Price Chart by TradingView

The cryptocurrency began the day’s trade below the $12.10 level and the coin traded between the $12.00 and $12.42 levels throughout the day. For a brief period, the BNBUSD pair fell below the $11.90 level in the first quarter of the day, after which it saw another fall below the $11.70 in the beginning of the last period of the day. During the fall, the price line reached a day’s low of $11.6741724 US Dollars. At the time of closure, the Binance Coin / US Dollar trading pair had a value of $12.2722220 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) closed at the $12.2247886 mark, while the 50-Day Moving Average (MA) closed below the 20EMA, at $12.1796619.

The Relative Strength Index (RSI) moved below the level 30.00 just before when it saw the second price fall of the day (below $11.70), and reached a low of 19.99. This means that the coin was oversold at that time.

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.

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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