1-Day Binance Coin price analysis
The BNB price line turned bullish and moved up on its charts on the 24th of August. By noon, the cryptocurrency had approached a day’s high of $22.97. The cryptocurrency formed an ascending slope right after its price trajectory stepped on the 24-Hour chart for the 24th of August. The ascending price line led the cryptocurrency towards the $23 level. At the time of closure, the cryptocurrency was observed trading at $22.58 US Dollars.
Binance Coin technical indicators
Binance Coin price chart by Trading View
The 20-Day Exponential Moving Average (20EMA) and the 50-Day Moving Average (50MA) moved past the $22.8 level in the afternoon on the 24th of August, when the cryptocurrency had turned bullish. At the day’s highest, the 20EMA was observed at $22.89 while the 50MA was seen at $22.87. The EMA closed the day with a value of $22.58, whereas the MA closed at $22.52.
The Relative Strength Index (RSI) was observed at a day’s high of 85.73 at 03:10 GMT. This means that Binance Coin was overbought at the time. The RSI indicator fell to a day’s low of 17.54 in the evening when the cryptocurrency appeared oversold. At the time of closure, the technical indicator was observed at 52.71.
Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan.com holds no liability towards any investments based on the information provided on this page.