Binance Coin price reaches above $17.50

On the 5th of June, the BNBUSD pair moved across the $17.85 level. The Binance Coin price line was observed varying near the $17.70 level through most of the day while the cryptocurrency stayed within the trading range of $17.0990591 — $17.8875963.

1-Day Binance Coin price analysis (5th June)

Binance Coin Price ChartBinance Coin Price Chart by Trading View

At the beginning of the 5th of June, BNB was observed moving towards the $17.45 level. The coin saw an uptrend across the $17.80 mark after the first quarter of the day.

Binance Coin price briefly moved past the $17.85 level near 09:00 GMT, after which it returned to the $17.60 mark. In the evening, the cryptocurrency moved to a day’s high of $17.8875963 US Dollars. At the time of writing, Binance Coin was observed trading at a price of $17.7459870 US Dollars.

BNB price movement on technical indicators

Binance Coin Price Featured ChartBinance Coin Price Chart by Trading View

The moving averages traveled near the $17.60 level for the first quarter of the day, after which the technical indicators moved across the $17.80 mark, on the charts for the 5th of June.

After ruffled price movements for the rest of the day, the 20-Day Exponential Moving Average (EMA) closed at $17.7154738, while the 50-Day Moving Average (MA) was observed closing at $17.6906637.

The Relative Strength Index (RSI) rose to a high of 81.11 near 06:00 GMT. This means that Binance Coin was overbought near the time frame, after which the RSI moved between 30 and 70 on the scale. Near 21:00 GMT, the technical indicator fell to a low of 18.98, which shows that the cryptocurrency was oversold at the time. At the time of writing, the RSI was at 50.35.

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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