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Binance Coin price sees bears to $6

Binance Coin price sees bears to

On the 12th of March, the Binance coin price line saw a bearish downtrend and fell below the $7 mark. The cryptocurrency trades within a trading range of $6.4164100 — $10.5045495. The coin was priced above the $16 mark before the day started.

1-Day Binance Coin Price Analysis (12th March)

Binance Coin Price Chart

Binance Coin Price Chart by TradingView

After starting the day with a trading value below the $16.5 mark, the cryptocurrency continued on its bearish momentum. The downward slope continued until the coin saw another bearish movement and it suddenly fell to the $11 mark before noon. The cryptocurrency traded near the $12 level until closer to the end of the day, when it saw a further decline towards the $9 mark. After the day’s closure, the cryptocurrency fell towards the $7 level, and it currently has a trading value of $6.886281 US Dollars.

Binance Coin: technical indicators

Binance Coin Featured Price Chart

Binance Coin Featured Price Chart by TradingView

The 20-Day Exponential Moving Average closed the day at $7.1713724, while the 50-Day Moving Average (MA) stands at $8.0367701. The Relative Strength Index (RSI) stands under level 50.00, at 37.68.

Featured Image by Carlos Muza.

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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