Bitcoin Cash trades at $119.78, after ending today at $119.94.
Trend-focused traders would be interested to note that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. According to asset volatility analysis, BCH's upper Bollinger Band® is at $136.52 and the lower is $116.45.
With market volatility ebbing, the current technical outlook indicates Bitcoin Cash will remain range-bound for the immediate future.
Meanwhile, mixed performances are seen elsewhere as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36.
Bitcoin Cash has fallen back around 62.06% from the significant high of $316.1 set 11 months ago. BCH is currently trading with a market cap of 2.32 billion with an average daily volume of 113.97 million.