Bitcoin Cash (BCH) is back in the spotlight with a hefty 16% pump this week.The OG Bitcoin’s famous spin-off seems to be finding its groove, reminding everyone that it’s still a top altcoin.
Bitcoin Cash is on a tear, climbing to $399 after dropping as low as $344 on Monday.
Earlier today, BCH actually passed the $400 mark but immediately pulled back.
This slight retreat suggests a cluster of sell orders around that psychological barrier – but don’t count BCH out yet.
The momentum behind the coin’s rally remains strong.
BCH is wrestling with its 50-day exponential moving average (EMA), a key technical indicator.
A move above this level could signal more bullishness ahead.
Interestingly, it’s not just Bitcoin Cash’s price action that’s heating up.
Spot trading volumes for BCH have surged 25% in the last 24 hours, hitting $277 million.