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Binance Coin price reaches $15.00

Binance Coin price reaches

On the 9th of May, the Binance Coin price trajectory moved near and above the $17.00 level. Following Bitcoin’s trend for the day, the cryptocurrency turned bearish right after reaching the 10th of May. At the time of writing, BNBUSD has a trading range of $13.6231200 — $17.0174473.

1-Day Binance Coin price analysis (9th May)

Binance Coin Price ChartBinance Coin Price Chart by TradingView

After starting the day’s trade near the $17.00 mark, the BNBUSD pair remained above the trading level until the end of the day. At the start of the 10th of May, the cryptocurrency appeared bearish and fell to a day’s low of $14.0309513 US Dollars.

At the time of writing, Binance Coin traded at $15.0357740 US Dollars. On the monthly chart, the Relative Strength Index (RSI) remained bearish below the level 30.00 on its scale.

Binance Coin: technical indicators

Binance Coin Featured Price Chart
Binance Coin price chart by TradingView

On the 9th of May, the moving averages drew straight paths above the $17.00 mark as observed in the full-featured chart above.

This shows that the BNBUSD pair barely showed any variations in its price over the day’s trade. The 20-Day Exponential Moving Average (EMA) closed at 15.1830160, while the 50-Day Moving Average (MA) concluded at 15.3386612.

The Relative Strength Index (RSI) remained in the 30.00 — 70.00 range according to the hourly time intervals. At the time when BNBUSD turned bearish on the 10th of May, the RSI fell to a low of 0.49. This means that Binance Coin was extremely oversold at that time. At the time of writing, the RSI was at 38.06.

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.

Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

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