The Binance Coin price moves back to the support placed between the $21.45 and $22.00 marks. The cryptocurrency sees a bearish momentum before the 21st of February came to an end.
The bears saw the price below the $21.60 mark, after which it saw some retracement above the $22.30 level before it returned to $22.
1-Day Binance Coin Price Analysis (22nd February)
The price line for Binance Coin can be seen moving down on the price chart before it approached the 22nd of February. The cryptocurrency saw a brief retracement towards the $22.30 mark before it fell below the $21.60 level after 06:00 GMT. The cryptocurrency showed ruffled price movements right above the major support in this region. The coin saw recovery towards the $22.20 mark after 10:00 GMT.
The BNB/USD pair can be seen rising to the $22.20 level before it fell to its current trading price of $21.9260718 US Dollars.
Binance Coin: Technical Indicators
The Relative Strength Index (RSI) crept above level 70.00 at various times of the day. The RSI saw a high of 83.03, just before the 24-Hour chart concluded. As of now, the RSI lies at 31.57,
The 20-Day Exponential Moving Average (EMA) was observed closing under the 50-Day Moving Average (MA), at $21.9777199. The other technical indicator closed at $22.0352895.
Featured Image by Annie Spratt.
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.