BCH remains constrained within a $118.78 to $124.72 range and is currently trading around the $118.95 level.
Bitcoin Cash pushed below the $120.42 support level and extended $1.47 beyond it. BCH has just crossed the lower Bollinger Band® at $119.48, indicating further losses could be forthcoming. On the other hand, note that despite being in the red so far in the current trading session, Bitcoin Cash peaked above its 3 day Simple Moving Average around $128.2 — typically an early indicator of a new bullish trend beginning to emerge.
In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for BCH.
In the meantime, negative performances are also seen in other markets, after ending today's session at $0.084, Dogecoin lost $0.006 and is trading around $0.078. After ending today's session at $0.476, Ripple lost $0.032 and is trading around $0.444. Litecoin is down to $85.18, losing $5.2, after closing at $90.38 in the preceding trading session.
BCH is trading 63.15% lower compared to the $333.27 high it reached over the past year. BCH has a market cap of 2.30 billion with an average daily volume of 116.38 million.