BNB Price Data Shows The Price Rising Across $15.60

The BNB price data shows the altcoin price increasing above the $15.60 price level as of today. The coin traded between the $15.40 and $15.60 which marks the most increase for the better part of the past two days as we are reading in the BNB binance coin news.

The cryptocurrency was doing bad because of the bearish momentum as it started the day and it even fell below the $14.20 level where it saw the daily low of $14.12. After a few price movements, the BNB pair increased above the $15.40 level after 06:00 GMT and the coin made its way across the $15.60 thus reaching the daily high of $15.63. Binance Coin traded between these two levels until today where it stopped trading at $15.55 as per the BNB price data.

The 20-day Exponential Moving average closed at $15.53 while the 50-day Moving Average closed below the 20 EMA, reaching $15.52. The relative strength index became quite bullish before closing up on April 17, 2020, as the RSI showed that the coin was overbought many times during the day.

Binance announced the introduction of the new product which will help users to pay for goods and services using crypto. The BNB coin engagement indicators exploded right after the announcement while the BNB price is trying to meet the bigger price point. The entire binance community engagement metrics went through the roof after the Binance Card announcement which left the investors wondering whether further price action will follow.

Also, Z Corporation, the subsidiary of SoftBank and TaoTato, the popular Japanese crypto exchange partnered with the Binance crypto exchange giant meaning that the popular platform only furthered its expansion goals on the Asian market. There are a lot of signs that show Binance continuing operations in Japan through these new partnerships. Z Corporation owns about 40 percent of TaoTao which means that Binance will work with Yahoo Japan’s delegates in order to reach a mutual understanding. This way, the exchange giant will be able to gather local expertise and to bring the compliance processes into clear air. Binance even opened its doors to Singapore in 2019 by creating a new entity along with Vertex Ventures. They also acquired WazirX which is considered the largest crypto exchange in India and gave them a fiat gateway to the Indian rupee.