Binance Coin price consolidates at $19

The Binance Coin price slowly moves up on the graph for the 29th of February. The cryptocurrency had fallen down to the $18 mark on the 28th of February. The BNBUSD pair trades with a day’s range of $19.1231775 — $19.9425038, while the coin also peaked at $20.31 US Dollars.

1-Day Binance Coin Price Analysis (29th February)

Binance Coin Price Chart

Binance Coin Price Chart by TradingView

The cryptocurrency gradually moved above the $19 mark, from its last resting price below the $18 level. The coin saw a set of ruffled price movements for the first half of the day. At noon, the price line shot up across the $20.20 mark and peaked at the $20.30 mark, after which it stepped down on the price chart and moved towards the $19.40 mark.

The BNBUSD pair still appears to be consolidating near the $19 mark, before it can see itself to any bullish moves. At the time of writing, the BNBUSD pair trades at $19.3559137 US Dollars.

Binance Coin: technical indicators

Binance Coin Featured Price Chart

Binance Coin Featured Price Chart by TradingView

The 20-Day Exponential Moving Average (EMA) has stayed above the 50-Day Moving Average (MA) for most of the day, this is because the cryptocurrency has seen more upward price movements than the downtrends. However, the 50MA was observed closing at the top, with a value of $19.5406822. The 20EMA closed at $19.4114166.

The Relative Strength Index (RSI) moved to a high of 89.37, just before the time when the pair shot up across the $20.20 mark. Currently, the RSI stands at 39.37.

Featured Image by Hendrik Will.

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.

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