Without a clear-cut direction, Bitcoin Cash is trading around $110.65 and ranging between $110.44 and $111.78.
Concerning technical analysis and more specifically, trend indicators, Bitcoin Cash made an initial breakout above its 10 day Simple Moving Average at $111.45, a potential indicator of a newly emerging bullish phase. According to asset volatility analysis, BCH's upper Bollinger Band® is at $117.11, suggesting that a downward move may follow. Following today's trading session, chart analysis suggests BCH is approaching key support, around $3.12 away from $107.53. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.
The current technical outlook indicates BCH will continue to ebb sideways within tight ranges for the immediate future.
At the same time, mixed performances are seen elsewhere as Dogecoin is down to $0.1, losing $0, after closing at $0.1 in the preceding trading session. Litecoin is down $2.25 from the beginning of the session and now trades around $77.97. Having closed the previous session at $0.931, EOS is up 1.91% today to currently trade at around $0.949.
Since its 52-week high of $473.85, BCH has lost 76.69% over the last twelve months. Bitcoin Cash has a market cap of 2.13 billion with an average daily volume of 10.31 million.