Binance Coin price falls to $21.90: What’s next?

The Binance Coin price line gradually shows a slope directed downwards on the price chart for the 24th of February. The cryptocurrency rested at the $22.80 mark from its last 1-Day price trek. On this day, the coin saw a price jump towards the $23.40 level, after which it fell to the $22.60 mark.

As of now, the cryptocurrency trades with day’s range of $21.4342800 — $23.5489567 as the price saw a bearish momentum in the evening and fell below the $21.60 mark.

1-Day Binance Coin Price Analysis (24th February)

Binance Coin Price Chart

Binance Coin Price Chart by TradingView

The cryptocurrency exhibited traded over the $22.80 level until the end of the 23rd of February. After the coin had entered the chart for the 24th of February, the cryptocurrency bounced towards the $23.40 level and marked a high of $23.343 US Dollars. The coin fell to the $22.60 level, where it trades throughout the day and until the evening, after which the price line was observed curving towards the $21.60 level.

Right after 18:00 GMT, the cryptocurrency had approached a low of $21.464 US Dollars. After seeing some price recovering, the coin lies at $21.9419648 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) lies at $21.8607588, which is its closing point for the day. The 50-Day Moving Average (MA) was observed closing at the $21.7823626 mark. The Relative Strength Index (RSI) has stayed above level 50.00 for most of the day, while it currently lies at 65.08.

Featured Image by Aperture Vintage.

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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