Markets· ★★· bearish·

BCH drops 2.57% to $308 after 40% rally over 14 days

  • —BCH trades at $308.29, down 2.57% on the day
  • —The 14-day rally added 40.19%, triggering profit-taking
  • —Volume is 21% below the 30-day average, signaling no panic selling
  • —Price sits below the 200-day SMA of $311.70; support at $300.58
Why it matters: Holding $300.58 will determine whether the pullback stays a correction within the uptrend or turns into a trend reversal.
Source: DiarioBitcoin