Binance Coin price rests near $10

Binance Coin price reaches

On the 16th of March, the Binance Coin price dropped below the $8.6 mark before it saw price recovery towards the $10 level on the 17th of March. The coin trades with a day’s range of $9.2056400 — $10.6454039.

1-Day Binance Coin Price Analysis (16th March)

Binance Coin Price Chart

Binance Coin Price Chart by TradingView

The cryptocurrency started with the day’s trade at a trading value above the $10 mark. The coin saw bears in the beginning of the 1-Day price analysis, where the price fell below the $8.60 level. On the 17th of March, the coin saw gradual retracement towards the $10.00 mark. The coin closed on the 16th of March with a trading value of $9.468 US Dollars.

A bullish momentum was seen on the beginning of the 17th of March, the price line saw an incline towards the $10 mark and at the time of writing, it approached a trading value of $10.1527196 US Dollars.

Binance Coin: technical analysis

Binance Coin Featured Image

Binance Coin Featured Price Chart by TradingView

The 20-Day Exponential Moving Average (EMA) can be observed closing at the $10.1400706 mark, while the 50-Day Moving Average (MA) stood at $10.1541497. The Relative Strength Index (RSI) turned bullish near the end of the 24-Hour chart where it headed above level 50.00 to reach its current value of 60.91.

Featured Image by Adam Nowakowski.

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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