The top guns of the crypto market like Bitcoin, Ethereum, Ripple, etc. are currently trading downwards. The movement of the coins has influenced the entire market including Bitcoin Cash. The currency began dramatic movement since yesterday.
Today, the BCH coin reflects the moderate fluctuation in the price which makes it to the new intraday low. The chances of improvement are relying on the coming days.
BCH/USD Price Chart:
Bitcoin Cash started yesterday with an escalation. The price counters moved from $374 to $391 by 4.44% at 01:37 UTC. The currency slipped to $379 at 02:03 UTC. The price jumped to $385 and later dropped to $380. BCH price escalated to $384. The coin dribbles to $378 in the next 5 hours, and then it escalated to $383. Amid the ups and downs, the coin dropped to $382 by 0.28%. The closing hours brought the coin $379 by 0.78%. The intraday movement of Bitcoin Cash exhibited a 2.24% progression of the price.
Today, the price escalated to $388 by 1.38%. The coin plunged to $379 by 2.19%. Bitcoin Cash recovered and touched $384. Later, the coin started slipping and touched $375 by 2.39%. Recently, the price escalated to $382 by 2.01%.
The MACD chart reflects that the signal line overpowers the MACD line, and hence, the downtrend in the coin might begin the coming hours. The coin is heading towards the immediate support level at $376.68. The next support level at $369.47 might get violated by the end of the day.