Binance Coin price rises to $17.00

Binance Coin price rises to

Binance Coin price appears bullish after a 24-hour trade between the $16.30 and $16.50 levels. The BNBUSD trading pair rose towards the $17.00 mark just before closing on the day. At the time of writing, BNB trades within a day’s range of $15.9806615 — $17.1458268.

1-Day Binance Coin price analysis (28th May)

Binance Coin Price ChartBinance Coin price chart by Trading View

As seen in the chart above, the Binance Coin / US Dollar trading pair stood near the $16.30 level at the beginning of the trade. While it traded between the $16.30 and $16.50 levels until after 01:00 GMT on the 28th of May.

The RSI exhibited a bullish divergence towards 80.00 on its scale, and the BNBUSD pair rose across the $17.00 mark. At the time of writing, BNB traded at $16.9337575 US Dollars.

Binance Coin: technical indicators

Binance Coin Featured Price ChartBinance Coin price chart by Trading View

The moving average technical indicators remained below the $16.50 level from the evening of the 27th of May, until the evening of the 28th of May. As the trading pair’s price line diverged towards the $17.00 level, the moving averages depict an uptrend before the day’s closure.

Both of the technical indicators, the 20-Day Exponential Moving Average (20EMA) and the 50-Day Moving Average (50MA) can be observed moving across the $17.00 mark at 15:35 GMT. As per the charts, the 20EMA closed at $16.8748843, while the 50MA closed at $16.8112670.

The Relative Strength Index (RSI) remained between the levels 30.00 and 70.00 for most of the day’s trade, while the technical indicator was observed diverging towards 80.00 just before the trade’s closure. This shows that Binance Coin was overbought at the instance. At the time of writing, the RSI was observed at 61.68.

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.

Johnson Go

Johnson Go

Blockchain enthusiast, project management specialist, writer and crypto investor. JG deals mostly with problems and solutions of crypto projects and provides market outlook for investments. He contributes his analytical skills to projects.

Related News

Hot Stories

Dogecoin price analysis: DOGE swiftly retraces to $0.07, more upside tomorrow?
How to stake Verasity (VRA): What's the 2,500,000,000 reward capacity?
Singapore’s crypto lender Hodlnaut shuts down
How to Stake on Kraken: Earn Up to 23% APY On Your Crypto
Go Around the World with 1xBit and Win Crypto

Follow Us

Industry News

Singapore’s crypto lender Hodlnaut shuts down
Celsius withdraws motion to rehire CFO at $92,000 a month
Crypto.com earns license of operation in South Korea
Elon Musk drags Twitter to court for fraud
Binance CEO Urges To Move Funds From WazirX To Binance