Bitcoin Cash is showing strong momentum on the daily chart, trading around $339.46 after a 28.51% surge.
Price has moved above the 7 day MA at $278.37, the 30-day MA at $252.68, and the 200-day MA at $315.19, putting the broader trend in focus for $BCH.
Now, the immediate level to watch is $348.57. A sustained move above this area could open the way toward $370 and potentially higher levels.
However, $BCH RSI at 76.87 shows that momentum is already stretched, so a pullback can not be ruled out.
The $315 area now becomes an important level to hold, followed by $280.
MACD remains positive, supporting the current momentum, while the sharp rise in volume confirms strong market activity.
Price has moved above the 7 day MA at $278.37, the 30-day MA at $252.68, and the 200-day MA at $315.19, putting the broader trend in focus for $BCH.
Now, the immediate level to watch is $348.57. A sustained move above this area could open the way toward $370 and potentially higher levels.
However, $BCH RSI at 76.87 shows that momentum is already stretched, so a pullback can not be ruled out.
The $315 area now becomes an important level to hold, followed by $280.
MACD remains positive, supporting the current momentum, while the sharp rise in volume confirms strong market activity.
