The Binance Coin price line remained stable through most of the day’s chart, while it saw bulls after 18:00 GMT on the 26th of March, which allowed the coin to rise across the $13.2 level. The cryptocurrency traded within a day’s range of $12.20 – $13.30.
1-Day Binance Coin Price Analysis (26th March)
The cryptocurrency’s price line started the day below the $12.40 level and it exhibited a stable price trend for most of the day. The coin remained between the $12.20 and $12.40 levels until after 18:00 GMT when it saw a bullish momentum and moved towards the $13.00 level. After a brief drop, the price headed up towards its day’s closing value of $13.2551319 US Dollars, which was its day’s high as well.
Binance Coin: technical indicators
The Relative Strength Index (RSI) rested between its normal range for most of the day until the coin saw bulls and the RSI jumped across the level 70.00. Here, the RSI shows three movements across level 70.00, in which it reached highs of 84.38, 81.86 and 88.91. At all of these instances, the coin was overbought.
The 20-Day Exponential Moving Average (EMA) closed at the $13.2051475 mark, while the 50-Day Moving Average (MA) stood at the $13.1600644 mark at the time of closure.
Featured Image by Csaba Nagy.
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.