BCH drops 5.94% to $263.83, tests support at $262.11
- —BCH fell 5.94% to $263.83, trading below its SMA-5, SMA-10 and SMA-20
- —Daily volume of $189.35 million is 38.42% below the 30-day average
- —RSI at 39.9 and MACD histogram at -6.54 point to selling pressure
- —Nearby support at $262.11 and the daily low of $258.54, with SMA-90 at $250.04
Why it matters: BCH's decline on weak volume and no confirmed catalyst raises the risk of a further slide toward $250 if no rebound materializes.
Source: DiarioBitcoin