Binance Coin price climbs to $16.5

The Binance Coin price line exhibited an ascending slope on the graphs for the 22nd of June. The BNB price rose by an approximate of 3.5% over the course of the day’s trade.

1-Day Binance Coin price analysis (22nd June)

Binance Coin price chart 1 - 22 June

Binance Coin Price Chart by Trading View

The cryptocurrency’s price varied within a day’s range of $15.90 — $16.54. At the time of writing, Binance Coin was observed trading at $16.41 US Dollars.

For the day’s highest, BNB price hit the $16.56 US Dollars at 21:09 GMT. As per coinmarketcap.com, BNB has a current total supply of 179,883,949 BNB, with a market capitalization of $2,546,285,266 US Dollars.

Binance Coin price; technical indicators 

Binance Coin price chart 2 - 22 June

Binance Coin Price Chart by Trading View

For the 22nd of June, the Bitcoin BTC market showed a continuous and gradual uptrend through the day’s trade. The BTC price rose across the $9700 level and the altcoin market followed the cryptocurrency’s uptrend. The Binance Coin daily charts show a similar graph when compared to BTC price.

The moving average technical indicators depicted an ascending slope, the 20-Day Exponential Moving Average (20EMA) closed at $16.42, whereas the 50-Day Moving Average (50MA) closed at $16.44.

The Relative Strength Index (RSI) had risen across 80.00 on its scale and reached a day’s high of 84.69 at 02:00 GMT. Such a high value for the technical indicator shows that the Binance Coin was overbought at that instance.

For the rest of the day, the RSI indicator stayed close to its normal range from 30.00 to 70.00. At the time of writing, the RSI was observed at 34.49.

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.

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