Binance Coin price sees bears to $6

On the 12th of March, the Binance coin price line saw a bearish downtrend and fell below the $7 mark. The cryptocurrency trades within a trading range of $6.4164100 — $10.5045495. The coin was priced above the $16 mark before the day started.

1-Day Binance Coin Price Analysis (12th March)

Binance Coin Price Chart

Binance Coin Price Chart by TradingView

After starting the day with a trading value below the $16.5 mark, the cryptocurrency continued on its bearish momentum. The downward slope continued until the coin saw another bearish movement and it suddenly fell to the $11 mark before noon. The cryptocurrency traded near the $12 level until closer to the end of the day, when it saw a further decline towards the $9 mark. After the day’s closure, the cryptocurrency fell towards the $7 level, and it currently has a trading value of $6.886281 US Dollars.

Binance Coin: technical indicators

Binance Coin Featured Price Chart

Binance Coin Featured Price Chart by TradingView

The 20-Day Exponential Moving Average closed the day at $7.1713724, while the 50-Day Moving Average (MA) stands at $8.0367701. The Relative Strength Index (RSI) stands under level 50.00, at 37.68.

Featured Image by Carlos Muza.

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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