Binance Coin price rests near $17.55

On the 4th of June, the Binance Coin price line fell towards a low of $17.15. The trading pair’s price line varied within a day’s range of $17.4935797 — $17.5591447, while the brief pullback during the day resulted in a recovery of BNB’s price above the $17.55 mark.

1-Day Binance Coin price analysis (4th June)

Binance Coin Price ChartBinance Coin Price Chart by Trading View

BNB was observed starting the day’s trade with a price near the $17.50 level. The Binance Coin / US Dollar trading pair fell towards the $17.15 mark, where it saw a day’s low of $17.0989307 US Dollars.

The cryptocurrency recovered its price in the afternoon, and its price line returned above the $17.55 mark on the charts. At the time of writing, the cryptocurrency traded at $17.5421040 US Dollars.

Binance Coin price movement on technical indicators

Binance Coin Price Featured ChartBinance Coin Price Chart by Trading View

The moving average technical indicators for the BNBUSD trading pair showed a ruffled price trend on the 4th of June.

The moving averages began the day’s trade with their initial standing below the $17.50 level. The 20-Day Exponential Moving Average (20EMA) and the 50-Day Moving Average (50MA) fell short near 09:00 GMT during the day when the technical indicators fell below the $17.20 mark.

At the time of closure, the 20EMA was observed at $17.5512795, while the 50MA closed at $17.5548328 on the 4th of June.

The Relative Strength Index (RSI) stayed within its normal range of 30.00 — 70.00 through most of the 4th of June, while the technical indicator fell to a low of 11.46 at 09:19 GMT. Such a low value for the RSI showed that Binance Coin was highly oversold at the time. The technical indicator was observed closing at 42.73.

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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