- BCH price is consolidating at $544.40 on Saturday’s trading session
- The 24-hour volume in BCH is at $1,899,681,230 with a 27.50% decrease
- The BCH/BTC pair was trading at 0.009294 BTC with a gain of 0.84%
The 4-hour technical chart of BCH price projects a sideways trend. According to pivot points, Bitcoin Cash critical support level is placed at $515.55. Whereas if it moves up, the key resistance level to watch is $600.88. While diving into the weekly chart of a 4-hour time-frame, it completes a pin bar candlestick pattern.
SMA-20, 50 & 100 acts as another strong support in the coin. SMA-20 (purple) intersects below the SMA-50 (white), which projects a bearish trend. The price is also above SMA-100 (red). Investors may perceive a negative crossover in the SMA, and the price will also follow the negative trend for a short while.
RSI indicator (BULLISH), with a value of 53.20, indicates a neutral signal in the coin. Moreover, Investors can see a flat slope in the index, and it may soar in future trading sessions.
BCH Price Trend Remains Unclear
BCH price traded at $544.40 with a gain of 2.06% in the last 24-hour. Furthermore, BCH price is in a consolidation phase for now and the trend remains unclear for now. In contrast, the market capitalization stands at $10.181 billion. Technically, investors can perceive a negative crossover in SMA. Moreover, the price movement can be predicted for now as it is in a neutral phase.
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