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Bitcoin Cash drops 25% to $348 after rejecting $465, with a possible short-term bounce ahead.

Technical Signals
22 May 2026, 06:00 WIB
AMBCrypto
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Bearish
Bitcoin Cash drops 25% to $348 after rejecting $465, with a possible short-term bounce ahead.

Bitcoin Cash (BCH) has been trading within a wide range since April 2024, recently dropping 25% from $465 to $348 after failing to hold the $460 support. Technical indicators like RSI and Stochastic RSI suggest the market is oversold, signaling a potential short-term bounce to levels between $418 and $489. However, this bounce is likely a relief rally, and the overall trend remains bearish, favoring sellers. Traders are advised to avoid FOMO and consider selling on the bounce rather than buying it.

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