Binance Coin price falls by $1.55 percent: What’s next?

The Binance Coin price line was seen approaching a high above the $19.80 mark while it traded between the $19.40 and $19.80 marks through most of the day before it saw bears to the $18.80 on the 01st of March. The cryptocurrency exhibited a day’s range of $18.7301910 — $19.4119625.

1-Day Binance Coin price analysis (1st March)

Binance Coin Price Chart

Binance Coin Price Chart by TradingView

The cryptocurrency began its trade above the $19.40 mark on the 01st of March and it stayed between the $19.20 and $19.80 levels until in the evening. The Binance Coin / US Dollar trading pair saw a downtrend and the cryptocurrency’s price line fell towards the $18.70 level.

Binance Coin currently appears to be consolidating with no bullish momentums, the coin has traded between the $18 — $19 range for nearly three days now.

Binance Coin: technical indicators

Binance Coin Featured Price Chart

Binance Coin Featured Price Chart by TradingView

Out of the moving average technical indicators, the 20-Day Exponential Moving Average (EMA) traversed above the 50-Day Moving Average (MA) whenever the cryptocurrency saw an uptrend and vice versa. The 20EMA closed the day with a value of $19.2214754, and the 50MA closed at $19.1564316.

The Relative Strength Index (RSI) currently stands at 60.06, while it fell to a day’s low of 23.41 when the BNBUSD pair saw bears on the 01st of March.

As per coinmarketcap.com, Binance Coin has a market capitalization of $3,009,935,409 US Dollars.

Featured Image by Robert Katzki.

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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