The Binance Coin price line sees an uptrend towards the $20 mark on the price chart for the 2nd of March. The bullish movement was observed as a gradual upward movement over the 24-Hour chart. BernhardAnalytics is a trading view analyst who believes that the next price target for Binance Coin lies above the $25.00 mark and that the BNBUSD pair is currently in the buyers’ zone.
1-Day Binance Coin Price Analysis (2nd March)
The cryptocurrency started the day with a trading value below the $18.80 mark. The price line can be observed climbing up on the chart as the day passes. The uptrend observed on the 2nd of March is successive and gradual in nature. BNBUSD pair traded with a day’s range of $19.5542844 — $20.0562064 and it reached a day’s high of $20.1121131 US Dollars closer to the end of the day.
The 20-Day Exponential Moving Average (EMA) closed at the $19.7586713 mark, while the 50-Day Moving Average (MA) closed at $19.7401140. At the same time, the Relative Strength Index (RSI) stood at 59.72. At the time of writing, the BNBUSD pair traded at $19.7409688 US Dollars.
Binance Coin: predictive analysis
The cryptoanalyst suggests that the cryptocurrency has entered the buy zone and that it will see an uptrend towards and above the $25 mark.
BernhardAnalytics suggests that the cryptocurrency that was sold at the previous standing of the coin near the $26 mark, should be rebought. As per the predictive analysis, the upcoming price target for BNBUSD is $25.6943061 US Dollars.
Featured Image by Lucas Marconnet.
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.