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Binance Coin price rises across $15.60

binance coin

The BNBUSD pair headed across the $15.60 level on the price chart for the 16th of April. The coin traded between the $15.40 and $15.60 marks for most of the day.

1-Day Binance Coin Price Analysis (16th April)

Binance Coin Price Chart

Binance Coin Price Chart by TradingView

The cryptocurrency was falling due to a bearish momentum as it entered the 16th of April. The coin had fallen below the $14.20 level, where it saw a day’s low of $14.1367097 US Dollars. After a few ruffled price movements, the BNB pair rose across the $15.40 level after 06:00 GMT. The coin made its way across the $15.60 mark to reach a day’s high of $15.7373475 US Dollars. The cryptocurrency traded between the $15.40 and $15.60 levels until the day came to an end, where the coin traded at a value of $15.5546838 US Dollars.

Binance Coin: technical indicators

Binance Coin Featured Price Chart

Binance Coin Price Chart by TradingView

The 20-Day Exponential Moving Average (EMA) closed at $15.5339136, while the 50-Day Moving Average (MA) closed below the 20EMA, at $15.5214695.

The Relative Strength Index (RSI) turned bullish before closing on the 16th of April. The RSI showed that the coin was overbought many times after 03:00 GMT where the indicator’s values crossed the 70.00 mark. The RSI closed at 59.33.

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.

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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