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.
Bitcoin Cash (BCH) saw a 30% increase in daily trading volume on August 10, possibly due to renewed market activity after a quiet weekend. Despite this, the price fell 1.2% in 24 hours and Open Interest dropped 2.26%, indicating traders are reducing ...
Major cryptocurrencies saw price declines, with Bitcoin dropping 2.1% to $63,925 and Ethereum falling 2.8% to $1,873.93. Other notable coins like Binance Coin and Solana also declined, reflecting a broad market pullback. Stablecoins remained steady n...
