BCH/USD Technical Update (1D)
$BCH is putting up a fight at 280.50 (+3.15%) after finding solid support near the recent low of 256.60.
📉 Resistance: The bulls face immediate overhead pressure from the 25-day Moving Average (MA25) sitting at 303.70, followed by psychological resistance near the local high of 347.39.
📈 Support: Holding strong above the MA99 at 248.83, which remains a critical line in the sand to protect the medium-term structure.
Volume is currently sitting low at $584.33K USD, indicating low conviction. Watch for a decisive break above 304 to confirm a true trend reversal, or a breakdown below 256 for further downside.
#BCH #CryptoTrading #BitcoinCash #Binance
$BCH
$BCH is putting up a fight at 280.50 (+3.15%) after finding solid support near the recent low of 256.60.
📉 Resistance: The bulls face immediate overhead pressure from the 25-day Moving Average (MA25) sitting at 303.70, followed by psychological resistance near the local high of 347.39.
📈 Support: Holding strong above the MA99 at 248.83, which remains a critical line in the sand to protect the medium-term structure.
Volume is currently sitting low at $584.33K USD, indicating low conviction. Watch for a decisive break above 304 to confirm a true trend reversal, or a breakdown below 256 for further downside.
#BCH #CryptoTrading #BitcoinCash #Binance
$BCH