BCH stalls below $346.9 resistance after CME futures announcement
- —CME to launch BCH futures on October 19 with 250 and 25 BCH contracts
- —BCH spot volume surged 285.6% to $1.38 billion after the announcement
- —Open interest in BCH rose 38.71% to $588.06 million
- —RSI stands at 54.31 and the MACD histogram turned up to 17.8
Why it matters: CME's regulated BCH futures give institutions direct exposure and could amplify volatility if the $346.9 level breaks.
Source: TokenPost