Bitcoin Cash trades at $113.24, after ending today at $113.54.
Bitcoin Cash's upper Bollinger Band® is at $117.5, suggesting that a downward move may follow. On the other hand, note that Bitcoin Cash is approaching key support, around $2.79 away from $110.45. 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.
Despite the market lacking direction, technical chart analysis strongly suggests Bitcoin Cash is positioned for a downward move in the near term.
While Bitcoin Cash is pretty flat so far today, mixed performances are seen elsewhere as UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session. Binance Coin is trading around $297.51 (down $3.94). Ripple is down $0.003 from the beginning of the session and now trades around $0.405.
Bitcoin Cash is now trading 80.65% below the significant high of $586.92 it set around a year ago. Bitcoin Cash has a market cap of 2.18 billion with an average daily volume of 11.80 million.