Despite the fact that a number of top altcoins have rallied against their respective BTC trading pairs today, Bitcoin Cash has struggled to make a gain.
At the time of writing it was trading at around $391, six percent lower than the crucial level of support turned resistance at $418.
The daily 22 exponential moving average (EMA) is now ticking to the downside which suggests that momentum in the short term is driving price towards the $358 level of support.
Breaking above $500 would mark a fairly substantial and historic moment for Bitcoin Cash, which has failed to trade above that level since November 2018.
Key price targets fn a breakout comes into fruition would be at $560 and $644 with another level at $855.
Current live BCH pricing information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest BCH price. Pricing is also available in a range of different currency equivalents:
US Dollar – BCHtoUSD
British Pound Sterling – BCHtoGBP
Japanese Yen – BCHtoJPY
Euro – BCHtoEUR
Australian Dollar – BCHtoAUD
Russian Rouble – BCHtoRUB
Bitcoin – BCHtoBTC
About Bitcoin Cash
Bitcoin Cash was born out of the idea of making Bitcoin more practical for small, day-to-day payments. In May 2017, Bitcoin payments took about four days unless a fee was paid, which was proportionately too large for small transactions. A change to the code was implemented and Bitcoin Cash was born on 1st August 2017.
More Bitcoin Cash news and information
As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.