BCH Jumps 32% in a Day to $350, Reclaims 200-Day Moving Average
- —BCH gained 32% in 24 hours, rising from $264.70 to $362.60 and settling near $350
- —Price reclaimed the 200-day SMA at $315.38 for the first time in months
- —Open interest in BCH futures fell 58.42% over 24 hours
- —14-period RSI hit 80 and Bollinger %B reached 1.19
Why it matters: With short-squeeze fuel spent, further upside now depends on genuine new buyers; otherwise a mean-reversion drop toward $289 is likely.
Source: Blockchain.News