Markets· ★★· bearish·

BCH drops 3.45% to $306.77, testing its 200-day moving average

  • —BCH fell 3.45% to $306.77, opening at $317.92 with a session low of $303.09
  • —Trading volume of $205.9 million was 31.63% below the 30-day average
  • —Price sits just above the 200-day SMA at $306.33, with support at $303.09–$300.58
  • —MACD is bearish, RSI is neutral at 57.4 and the stochastic at 12.7 signals oversold
Why it matters: Holding the 200-day SMA will determine whether the pullback remains a correction or turns into a broader trend breakdown.
#BCH
Source: DiarioBitcoin
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