BCH has recently shown a stepwise recovery trend. The current price is around 574, standing above the 99-hour moving average (561), but it hasn't fully broken through the 25-hour moving average (575) yet, so there's a bit of a stalemate between bulls and bears in the short term—bullish bias, but not decisively so.
Looking upward, if it can break cleanly through the 580-590 range, theoretically there's room to challenge 600-620, with the previous high point at 607(. On the defensive side, immediate support is near the 99-hour moving average at 560, with a stronger base at the swing low of 508.
As for trading volume, it's been pretty honest—buying spiked noticeably during the rally, but has now clearly contracted. Want to stay bullish? You'll need to first conquer and hold above the 25-hour moving average.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
15 Likes
Reward
15
6
Repost
Share
Comment
0/400
gas_guzzler
· 12-12 17:12
With such a shrinking volume, I don't really believe this wave can directly reach 600. We need to first see if the 25-day moving average can hold, otherwise it's just a false alarm.
View OriginalReply0
MetaverseVagrant
· 12-11 08:55
Don't boast about volume shrinking; wait until it stabilizes at 575 before talking about bullishness.
View OriginalReply0
AirdropBlackHole
· 12-09 22:55
Getting stuck at 575 is really frustrating. If things go wrong, we might see another pullback.
View OriginalReply0
AirdropHunter007
· 12-09 22:49
The volume has shrunk, which is frustrating. Only a breakout above 580-590 will make things interesting.
View OriginalReply0
0xDreamChaser
· 12-09 22:47
That's what happens when volume shrinks—if you can't pull it up, don't force it. Let's wait and see.
View OriginalReply0
GasFeeVictim
· 12-09 22:35
The volume has shrunk so much, it feels a bit weak. Are they really trying to break out or just fooling me?
BCH has recently shown a stepwise recovery trend. The current price is around 574, standing above the 99-hour moving average (561), but it hasn't fully broken through the 25-hour moving average (575) yet, so there's a bit of a stalemate between bulls and bears in the short term—bullish bias, but not decisively so.
Looking upward, if it can break cleanly through the 580-590 range, theoretically there's room to challenge 600-620, with the previous high point at 607(. On the defensive side, immediate support is near the 99-hour moving average at 560, with a stronger base at the swing low of 508.
As for trading volume, it's been pretty honest—buying spiked noticeably during the rally, but has now clearly contracted. Want to stay bullish? You'll need to first conquer and hold above the 25-hour moving average.