The Binance Coin price line returned across the $12.40 mark after seeing a rise due to a bullish movement of the BCHUSD trading pair, on the price chart for the 23rd of March. The cryptocurrency was observed trading between the range of $11.8374585 — $12.6577541.
1-Day Binance Coin Price Analysis (23rd March)
The price line can be seen varying between the $10.80 and $11.40 marks for the first half of the day. The trade began at the $10.90 level, while the cryptocurrency experienced a bullish trend at noon which made the price line move across the $12.60 mark, the price line immediately returned towards the $12.0 level and showed a gradual increase towards the $12.40 mark towards the end of the day. The cryptocurrency closed the day’s trade at $12.2445246 US Dollars. At the time of writing, the cryptocurrency trades at $12.1275011 US Dollars.
Binance Coin: technical indicators
The 20-Day Exponential Moving Average (EMA) closed at the $12.2070029 mark, while it moved close to the BNBUSD pair’s price line for most of the day. The 50-Day Moving Average (MA) closed below the 20EMA, at $12.1767272.
The Relative Strength Index (RSI) shows that the coin was overbought after it rose across the $12.40 level on the 23rd of March. As of now, the RSI is above level 50, at 53.81.
Featured Image by William Iven.
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.