The Binance Coin price line roses above the $13.5 mark on the price chart for the 20th of March. The coin saw a day’s low under the $10.50 level, just before the day came to an end. The cryptocurrency traded with a day’s range of $11.5948181 — $12.4030894.
1-Day Binance Coin Price Analysis (20th March)
According to the price chart above, the price line stepped on the day’s chart at a trading value near the $12.5 level. The cryptocurrency saw an uptrend that led the price line across the $13.5 level before noon, where it reached a day’s high of $13.69945 US Dollars. The BNBUSD pair gradually declined towards the $10.50 level, which was reached just before 21:00 GMT when the coin marked a day’s low of $10.39627 US Dollars.
Before the day concluded, the coin rose towards the $12.0 level and obtained a trading value of $11.88940 US Dollars. At the time of writing, BNBUSD trades at $12.04108 US Dollars.
Binance Coin: technical indicators
The 20-Day Exponential Moving Average (EMA) stayed below the 50-Day Moving Average (MA) through most of the 24-Hour price chart. The 20EMA obtained a closing value of $12.03878, while the 50MA closed at $12.04018.
The Relative Strength Index (RSI) was seen between the levels 30 and 70 for most of the day, while the RSI turned bearish to reach a day’s low of 16.87, which means that the coin was oversold. At the time of writing, the RSI stands at 50.
Featured Image by Jason Briscoe.
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.