Bitcoin Cash ($BCH) is showing a strong bearish trend on the 1H chart, but price is now trying to stabilize around the $305–$308 support zone.
🔻 Current Price: $308.1
📉 24H Change: -9.49%
📌 24H Low: $305.0
📌 24H High: $341.1
🟢 $305–$308 — Important short-term demand zone. A clear break below $305 could open the door to further downside.
Resistance:
🔴 $312–$313 — First recovery hurdle
🔴 $321–$325 — Stronger resistance zone
🔴 $331–$334 — Major resistance, aligned with higher moving averages
The moving averages are still bearish: MA(7) = $309.1, MA(25) = $325.5, MA(99) = $334.0. Price remains below all major averages, meaning sellers currently have the advantage.
🔻 Current Price: $308.1
📉 24H Change: -9.49%
📌 24H Low: $305.0
📌 24H High: $341.1
🟢 $305–$308 — Important short-term demand zone. A clear break below $305 could open the door to further downside.
Resistance:
🔴 $312–$313 — First recovery hurdle
🔴 $321–$325 — Stronger resistance zone
🔴 $331–$334 — Major resistance, aligned with higher moving averages
The moving averages are still bearish: MA(7) = $309.1, MA(25) = $325.5, MA(99) = $334.0. Price remains below all major averages, meaning sellers currently have the advantage.
