On the 16th of March, the Binance Coin price dropped below the $8.6 mark before it saw price recovery towards the $10 level on the 17th of March. The coin trades with a day’s range of $9.2056400 — $10.6454039.
1-Day Binance Coin Price Analysis (16th March)
The cryptocurrency started with the day’s trade at a trading value above the $10 mark. The coin saw bears in the beginning of the 1-Day price analysis, where the price fell below the $8.60 level. On the 17th of March, the coin saw gradual retracement towards the $10.00 mark. The coin closed on the 16th of March with a trading value of $9.468 US Dollars.
A bullish momentum was seen on the beginning of the 17th of March, the price line saw an incline towards the $10 mark and at the time of writing, it approached a trading value of $10.1527196 US Dollars.
Binance Coin: technical analysis
The 20-Day Exponential Moving Average (EMA) can be observed closing at the $10.1400706 mark, while the 50-Day Moving Average (MA) stood at $10.1541497. The Relative Strength Index (RSI) turned bullish near the end of the 24-Hour chart where it headed above level 50.00 to reach its current value of 60.91.
Featured Image by Adam Nowakowski.
Disclaimer: The information provided is not trading
advice but an informative analysis of the price movement. Cryptopolitan.com
holds no liability towards any investments based on the information provided on
- Mike Novogratz Thrashes Stocks in Favor of Bitcoin and Gold - April 8, 2020
- Bitcoin Price Prediction: BTC/USD Moves In an Uptrend but Can the Bulls Clear $7,500? - April 8, 2020
- OneCoin Co-Founder’s Sentence Postponed - April 8, 2020