$BCH Under Pressure 🚨📉
The price is experiencing a clear downward momentum with weak buying volume, putting key support levels under scrutiny.
Technical indicators show:
- RSI near low levels, indicating a decline in buying strength
- MACD suggests a potential bearish crossover
- Trading volume is decreasing, and supply is increasing
📊 On-chain, whales are increasing their distribution, and tokens are flowing into exchanges, reflecting a state of fear and caution in the market.
🛑 Given these conditions, patience and attention to market signals are essential. Avoid chasing the decline and monitor the 500-480 support level carefully.
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BCHUSDT
Perp
580.59
-0.20%
