Bitcoin Cash (BCH)
was trading at $ 452.13, down 0.54% in the past 24 hours, after failing to break the $ 467 level of resistance to many trials, according to the CoinDesk research technical review model.
The token briefly progressed near the level late on June 23, getting about 3% during a high spike volume, but subsequently declined twice, strengthening the importance of that barrier. A downward trend generated during correction correction, with lower highs establishing a bearish short -term tone.
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Technical assessments
- BCH exchanged for a range of $ 19.76 (4.4%) from $ 449.61 to $ 469.63 within 24 hours.
- At 22:00 on June 23, the BCH rose nearly 3% to 79,485 volume units, which sets a resistance to $ 467.
- The level of $ 467 was tested and rejected twice more, proving strong overhead resistance.
- The support was formed around $ 450 with a significant amount of accumulation between 15: 00–16:00.
- A downward trend of lower highs appeared following the initial spike, signs of bearish momentum.
- A V-shaped micro-trend generated at the last time, with a bounce from $ 449.94 to $ 451.31.
- Spiked volume during 18: 17–18: 19 drop and again in 18: 30-18: 32 recovery.
- A short-term zone support built near $ 450 after repeated successful retests.
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