Markets· ★★· neutral·

BCH trades near $317.3 as volume runs half its monthly average

  • —Price at $317.3, volume $152M — 49.54% below the 30-day average
  • —RSI at 63.9 and price above SMA-7 through SMA-200, but MACD histogram is negative
  • —Fibonacci 23.6% resistance at $324.39, SMA-15 support at $308.81
  • —CME Group plans to launch BCH futures on October 19
Why it matters: Weak volume fails to confirm the move, while CME's October 19 futures launch could become a demand catalyst for BCH.
Source: DiarioBitcoin