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Binance Coin price rises across $12.60: what’s next?

Binance Coin price rises across what s next

The Binance Coin price line showed a noisy price movement on the price chart for the 24th of March. The cryptocurrency saw bulls that took the price across the $12.60 level, and the BNBUSD pair traded between the $12.0284498 — $12.6113573 range for the day.

1-Day Binance Coin Price Analysis (24th March)

Binance Coin Price Chart

Binance Coin Price Chart by TradingView

The cryptocurrency was observed at the $12.2467592 mark at the beginning of the 24th of March. The coin showed ruffled price movements and fell below the $12.00 level to reach a day’s low of $11.9648443 US Dollars. Near 06:00 GMT, the BNBUSD pair saw some price recovery that allowed the price line to travel across the $12.60 level to reach a day’s high of $12.6147388 US Dollars. The noisy price trend appears as a stable price line on the weekly chart. The trading pair closed the day’s trade at the $12.2734770 mark.

Binance Coin: technical indicators

Binance Coin Featured Price Chart

Binance Coin Featured Price Chart by TradingView

The Relative Strength Index (RSI) does not show any oversold or overbought instances for the cryptocurrency on the 24th of March. Before the chart concluded, the RSI became bullish and headed towards level 60. At the time of writing, it stands at 58.85. The RSI closed at 36.93 on the 24th of March.

The 20-Day Exponential Moving Average (EMA) closed at the $12.4376372, while the 50-Day Moving Average (MA) was observed at $12.4800460 at the time of closure.

Featured Image by Pexels.

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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