Volume spikes near the lows: Can $BCH stabilize after this slide?
Volume surged to nearly three times the daily average during the latest hourly drop to 234.2.
Price sits at 234.6, down 2.90% over 24 hours on 10.19M volume.
A bullish confirmation scenario requires a sustained recovery back above the recent 244.1 high. Conversely, breaking below the 234.2 range low invalidates near-term stabilization.
Will buyers defend the 234.2 low to spark a retest of 244.1, or will weak volume acceptance below support accelerate downside risk?
Tap $BCH for the live chart. #BCH #BinanceSquare
Volume surged to nearly three times the daily average during the latest hourly drop to 234.2.
Price sits at 234.6, down 2.90% over 24 hours on 10.19M volume.
A bullish confirmation scenario requires a sustained recovery back above the recent 244.1 high. Conversely, breaking below the 234.2 range low invalidates near-term stabilization.
Will buyers defend the 234.2 low to spark a retest of 244.1, or will weak volume acceptance below support accelerate downside risk?
Tap $BCH for the live chart. #BCH #BinanceSquare