Binance Coin price accumulates above $15
On the 9th of April, Binance Coin was observed accumulating over the $15.00 level. Through most of the day, the cryptocurrency traded between the $14.90 and $15.20 levels, whereas it also saw bears that caused the price to fall below $14.70.
The cryptocurrency was trading above $15.00 at 00:00 GMT on the 9th of April. In the price chart above, the price line’s movements show noise in the trend. The BNBUSD pair moved to a day’s high across the $15.20 level, at $15.2468258 US Dollars. For a brief moment, the price line fell below the $14.70 mark at midday on the 9th of April, where it saw a day’s low of $14.657550 US Dollars. At the day’s closure, the Binance Coin traded at the $15.0103437 mark.
The 20-Day Exponential Moving Average (EMA) closed at the $15.0322982, while the 50-Day Moving Average (MA) closed above the 20EMA, at $15.0389169.
It can be observed that the Relative Strength Index (RSI) stayed between the levels 30.00 and 70.00 on the scale for the 9th of April, which means that the coin was not oversold or overbought.
Where, why and how to buy Binance Coin (BNB).
Binance Coin (BNB) is the native token of the Binance Exchange. It was used to fund the creation of the exchange itself through an ICO and offers users a potentially useful range of features.
Offers discounts when used to pay Binance fees
Can be traded on Binance for other coins
Will eventually become a native coin of the decentralized Binance exchange
Should I buy a BNB?
If you’re a frequent Binance user and want to duck large fees – especially if you plan on making very large trades or withdrawals – it might be worth stocking up even at high prices.
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