🔻 $BCH is currently stagnating just below a descending resistance area.
If this price push cannot hold above the short-term support level, it is highly likely that BCH will reverse and adjust.
📉 Technical perspective:
Pattern: Recovery wedge forming below the main downtrend line.
Trend: Bias towards continued decline if selling pressure remains dominant at the upper resistance level.
Important price ranges:
542–545: strong selling pressure area above.
528–522: reaction/support area below that needs monitoring.
The upcoming developments will heavily depend on whether BCH can break through this resistance area.
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BCH
579.2
-2.21%