Bitcoin Cash trades at $125.87 after gaining $0.965 (0.77%).
Bitcoin Cash's lower Bollinger Band® is at $121.61, indicating that the market is oversold and fertile for new buyers. On the other hand, note that BCH could be slowing down soon; it is getting close to the resistance line and is now at $131, only $5.12 away. Crossing the resistance line could, however, suggest that further gains are ahead.
Following today's unexpected gains, extensive multifactorial technical analysis forecasts BCH to buck against its prevailing downtrend and begin to turn higher in the short term. With all probabilities considered, the BCH is expected to pick up significant bullish sentiment in the coming days.
Bitcoin Cash shows positive signs, other assets are also on par: FTX Token is up 9.54%. Having closed the previous session at $0.088, Dogecoin is up 3.68% today to currently trade at around $0.091.
Meanwhile, UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session.
BCH has shed $210.68 points and is languishing 62.78% lower over the past year, leaving its yearly highs around $336.14 in the rear-view mirror. BCH has a market cap of 2.44 billion with an average daily volume of 116.99 million.