Binance Coin BNB price: picks up by 0.19%

Continuing from where the Binance Coin BNB price left off, it displayed a rise over the baseline as it traced its path from the 17th into the 18th of November in a progressive pattern. 

Opening at $20.18 and closing at this same value, the Binance price has shown a rise from the last week where this bullish trend had reversed to morph into a bearish one.

1-Day Binance Coin BNB Price Analysis (BNB/USD)

binance coin bnb price chart 1

Binance Coin BNB Price Chart by Trading View

Indicated by the graph showcased above, the trend for Binance showed a positive outlook. The price remained moving progressively to consolidate its gains above the baseline set at $19.77. The price tipped at the resistance level of $20.50 before it found its way back around the benchmark. It appears Binance is still unable to exceed in an amount beyond $20. The price of Binance Coin ranged between $20.24 and $20.45, with a minimum value of $20.11 and the high as mentioned previously.

Technical Indicators

binance coin bnb price chart 2

Binance Coin BNB Price Chart by Trading View

As shown by the charts above, although the coin has not been able to surge all the way to $21, it has, thus far, remained in the bullish zone displayed by the blue trend lines. 

The Relative Strength Index closed at 55.24 showing a slight bullish upturn. Similarly, the 50-Day SMA and the 20-day EMA followed the path of the price and majorly hovered around said price. Each of them closed at $20.218.

Featured Image Icon by Github

Leave a Comment