BCH drops 13.5% in a week and tests $220 support
- —BCH trades at $223.42, down 2.1% in 24 hours
- —Weekly decline of 13.5% against a monthly gain of 10.03%
- —RSI at 39.6, stochastic at 6.5% — sellers dominate
- —Volume 24% below the 30-day average, 200-day SMA at $324.68
Why it matters: Weakening volume and the loss of moving averages point to a risk of further BCH declines if the $220 support fails.
Source: DiarioBitcoin