Bitcoin Cash Dips Below $334: Time to Worry? đš
$BCH is showing some concerning signs right now. After holding steady above $334, we've just seen a dip to $332.60, down 0.42%. The short-term moving averages (MA 7 and MA 25) are sitting just above the current price, meaning there could be resistance ahead if BCH tries to climb back up. The 99 MA is also looming at $335.70, adding another layer of potential resistance.
Volume isnât looking great either, with just over 306K traded in the last sessionâindicating there might not be enough momentum for a quick recovery. The volatility indicator is at a relatively low 30.72%, suggesting the market could stay calm for now, but donât be surprised if we see more red in the short term. đŹ
Could we see BCH push back to higher levels, or is a further drop on the horizon? Keep your eyes peeled, and remember: always have a plan! đ
What do you think? Let me know in the comments, and don't forget to hit that subscribe button to stay updated on the latest moves! đ
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