|Market Cap||$2.46 billion|
|Circulating Supply||19.16 million|
|Total Supply||19.16 million|
|Vol (24H)||$510.59 million|
Additional Read: Top Cryptos this Week
Bitcoin Cash Price after plunging hard during mid of August maintained a consolidated trend until the first few days of September. The volume spike now and then which uplifted the price to some extent. However, the recent bearish action drained the price towards the low support but sustain above the pivotal $110 level.
The price in the past couple of days has been heavily influenced by the bulls who uplifted the price beyond $130. No doubt the BCH token faced rejection at $140 but could certainly rebound in the coming days. On the other hand, the RSI & MACD are incremental and hence a consolidated upswing may be incoming.
Much similar to most of the other altcoins, Bitcoin Cash also drained heavily after it smashed highs close to $1600. After losing more than 90% of their value, the BCH bulls appear to be extremely exhausted by fighting at the lower support each time.
However, the Bitcoin Cash price appears to have flattened the decreasing curve in the past couple of months, displaying a huge possibility to go parabolic soon.
|Short-Term||A significant buying volume has accumulated and hence the price may remain elevated for the next couple of days|
|Mid-Term||The selling pressure has just eased out and hence the BCH price may pull a significant leg up soon|
|Long-Term||The token is trying very hard to rise above the bearish captivity but falling short of required buying volume|
|Indicator||Value (STF/HTF)||Action (STF/HTF)|
|Relative Strength Index(RSI)||66.6 / 35.10||Buy / Sell|
|MACD||2.09 / -58.20||Buy /Sell|
|Average Directional Index(ADX)||41.29 / 42.20||Buy /Sell|
|Ultimate Oscillator||66.94 / 45.66||Buy /Sell|
|Bull-Bear Power||10.93 / -48.8||Buy /Sell|
|Moving Average||Short Term||Long Term|
|MA 5||$125.80||$ 124.50|
Additional Read: Bitcoin Price Prediction Weekly
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The Bitcoin Cash price is extremely bullish in the short term, while the bears are feared to overtake the rally in the higher time frame.
The RSI for BCH in the short term is 66.6 while in the long term it is 35.10.