Binance Coin price rests at $12.40

Binance Coin price rests at

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)

Binance Coin Price Chart

Binance Coin Price Chart by TradingView

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

Binance Coin Featured Price Chart

Binance Coin Featured Price Chart by TradingView

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.

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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