Binance Coin price reaches $12: what’s next?

The Binance Coin price line roses above the $13.5 mark on the price chart for the 20th of March. The coin saw a day’s low under the $10.50 level, just before the day came to an end. The cryptocurrency traded with a day’s range of $11.5948181 — $12.4030894.

1-Day Binance Coin Price Analysis (20th March)

Binance Coin Price Chart

Binance Coin Price Chart by TradingView

According to the price chart above, the price line stepped on the day’s chart at a trading value near the $12.5 level. The cryptocurrency saw an uptrend that led the price line across the $13.5 level before noon, where it reached a day’s high of $13.69945 US Dollars. The BNBUSD pair gradually declined towards the $10.50 level, which was reached just before 21:00 GMT when the coin marked a day’s low of $10.39627 US Dollars.

Before the day concluded, the coin rose towards the $12.0 level and obtained a trading value of $11.88940 US Dollars. At the time of writing, BNBUSD trades at $12.04108 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) stayed below the 50-Day Moving Average (MA) through most of the 24-Hour price chart. The 20EMA obtained a closing value of $12.03878, while the 50MA closed at $12.04018.

The Relative Strength Index (RSI) was seen between the levels 30 and 70 for most of the day, while the RSI turned bearish to reach a day’s low of 16.87, which means that the coin was oversold. At the time of writing, the RSI stands at 50.

Featured Image by Jason Briscoe.

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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