BCH Drops 2.09% to $271.45, Tests Key Support at $258–262
- —BCH at $271.45, down 2.09% from the $277.46 open and 5.28% from the $286.57 close
- —Price trades below SMA-7, SMA-30 and SMA-200, with support at $258.18–262.11
- —RSI at 41.8 and negative MACD histogram of -6.84 point to weak momentum
- —Daily volume of $261.48M is 13.13% below the 30-day average of $300.99M
Why it matters: Holding the $258–262 support will determine whether the pullback continues after a 20.36% monthly gain or stabilization begins.
Source: DiarioBitcoin