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)
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
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.