BCH Rises 1.94% on October 12, but Volume Fails to Confirm the Move
- —BCH gained 1.94% to $284.26 on volume 49.51% below average
- —Price holds above SMA-5 ($282.86) but stays below SMA-7 ($295.46) and SMA-200 ($301.72)
- —Immediate support sits at $277.01, with resistance at $287.21
- —RSI at 47.2 and a bearish MACD signal mixed momentum
Why it matters: A rally without volume confirmation raises the risk of a pullback toward $277.01 support absent a catalyst.
Source: DiarioBitcoin