Without a clear-cut direction, Bitcoin Cash is trading around $116.33 and ranging between $116.33 and $118.15.
Bitcoin Cash is approaching key support, around $3.66 away from $112.68. 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. Bitcoin Cash made an initial breakout above its 200 day Simple Moving Average at $116.73, a potential indicator of a newly emerging bullish phase. BCH's upper Bollinger Band® is at $147.47 and the lower is $113.44.
Although price action remains in a stalemate, technical analysis suggests BCH could be primed for a break to the upside.
Other markets show mixed performance as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. EOS rises 3.12% to trade around $1.16. UNICORN Token USD slumps 2.98% to trade around $6.43.
BCH has fallen back around 69.76% over the past 11 months, from a notable high of $385.82. BCH is currently trading with a market cap of 2.25 billion with an average daily volume of 206.84 million.