The Binance Coin price line was observed climbing towards the $21.80 mark on the 6th of March. The cryptocurrency traded within a day’s range of $20.601 — $21.777. The Binance Coin cryptocurrency is currently accumulating near the $21.00 mark, while it’s looking to break free of the buy zone that it is currently in.
1-Day Binance Coin Price Analysis (06th March)
The cryptocurrency began the day’s trade at $20.75 US Dollars, after which the coin saw ruffled price movements while it gradually moved towards the $21.20 level. The coin kept the trade between the $21.20 and $21.40 levels until 10:00 GMT when the price saw a bullish momentum towards the $21.80 level. The trading pair saw a day’s high of $21.7845 US Dollars, and then it gradually came down towards $20.93.
Closer to the end of the day, the coin slowly regained some price towards the $21.40 mark, where it saw the day’s closure at $21.4086 US Dollars.
Binance Coin: technical indicators
On the 6th of March, the 20-Day Exponential Moving Average (EMA) can be seen closing at the $21.0771004 mark. While the 50-Day Moving Average (MA) closed above the 20EMA, at $21.0802224.
The Relative Strength Index (RSI) saw a day’s high at 86.61, while it currently stands at 48.43. Binance Coin is ranked as the 9th cryptocurrency as per the list of top cryptocurrencies by market capitalization. Currently, BNB has a market capitalization of $3,294,659,024 US Dollars.
Featured Image by Tobias Fischer.
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.