Binance Coin BNB price: Below $15.8

Binance Coin BNB price consolidated gains between the $15.84 and $15.31 ranges and showcased an overall bullish flow of momentum prevalent over the 7th of December. 

Binance Coin BNB Price Analysis – 6th & 7th December (BNB/USD)

Binance Coin BNB Price Analysis Dec 6 & 7 Chart 1

Binance Coin BNB Price Chart by Trading View

Binance Coin opened at $15.47 mark as it opened on the 6th of December and surged upwards to $15.75 at 06:25 GMT. Over the time-span of two days, the price reached its apex early into the 7th of December. It reached $15.84 at 06:00 GMT after which it fell over a tight-range to decline gradually. The lowest for the day rested at $15.31, which the coin reached at 14:30 on the 6th of December.

Technical Indicators

Binance Coin BNB Price Chart by Trading View

With the current price consolidating gains over the $15.45 range, the price is down by 1.2 percent. Compared to the closing price of the 7th, the price is down by 1.4 percent.

The price of the cryptocurrency hovered closer to the 20-Day Exponential Moving Average (EMA) but differed significantly from the 50-Day Simple Moving Average (SMA) which shows how the price has shown significant volatility over the medium-term. The SMA was lower than the closing price by 0.12 percent.

The Relative Strength Index (RSI) closed at 52.29, and the highest RSI was reached close to the 7th of December to reach its apex of 78.1.

Featured Image Background by Vincenzo Malagoli

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