The Bitcoin Cash price prediction shows that BCH is recovering from the daily low of $462.75 level as the price remains within the moving averages.

Bitcoin Cash Price Plunges by 13% as 130,000 BCH Wallets Close Down Within 3 Days

On May 29, Bitcoin Cash (BCH) price dropped to a new weekly low of $462, marking a 13% decline over 8 days. Technical indicators reveal that BCH bull traders are now striving to prevent a further decline below $440. Adding to the bearish outlook, on-chain data indicates an unusually high number of investors have exited the Bitcoin Cash network in recent days.

Bitcoin Cash Prediction Statistics Data:

Bitcoin Cash price now – $468.34

Bitcoin Cash market cap – $9.2 billion

Bitcoin Cash circulating supply – 19.7 billion

Bitcoin Cash total supply – 19.7 billion

Bitcoin Cash Coinmarketcap ranking – #16

BCH/USD Market

Key Levels:

Resistance levels: $700, $755, $805

Support levels: $255, $205, $155

BCHUSD – Daily Chart

BCH/USD is recovering from the daily low of $462.75 as the coin ranges within the 9-day and 21-day moving averages. At the time of writing, Bitcoin Cash is changing hands at $468.34 with a loss of 0.38% since the beginning of the European session. However, with latest the recovery, the digital asset is currently likely to cross above the moving averages within the channel.

Bitcoin Cash Price Prediction: Can BCH Break Above $500?

The Bitcoin Cash price may head upward and could cross above the moving averages if the bulls resume into the market. However, if the bulls push the coin to the upside, BCH/USD may likely touch the potential resistance levels of $700, $755, and $805. Meanwhile, any strong selling pressure below the current market value at $468.34 may drag the price below the lower boundary of the channel.

Nonetheless, should in case Bitcoin Cash slide to the downside, a bearish continuation could bring the price to the supports at $255, $205, and $155. The technical indicator shows that the 9-day MA is likely to cross below the 21-day MA to suggest a possible bearish movement for the market.

BCH/BTC Could Move Bullishly

Against Bitcoin, the buyers are now showing some commitments to the market as Bitcoin Cash moves a little bit upward. However, following the recent positive sign, the current market movement may create an uptrend if the buyers can push the price above the 9-day and 21-day moving averages.

BCHBTC – Daily Chart

Moreover, as the coin moves to cross above the moving averages, the market price may resume an uptrend which could touch the resistance level of 9500 SAT and above. Meanwhile, a bearish cross below the lower boundary of the channel could lower the price to the support level of 4550 SAT and below.

Meanwhile, @JaneBennet8474 shared insights with her 37k followers on X (formerly Twitter), suggesting that the $BCH daily chart indicates a potential 35% increase in the spot price. She also advised caution for those trading futures, recommending a maximum leverage of 2x for safety. Setting a buy order at $447.25, she wished good luck to all the dream chasers in the market!

The $BCH daily chart seems primed for a potential 35% increase in spot price.

If you're considering trading this in futures, it's advised to use a maximum leverage of 2x for safety.

Set your buy order at $447.25 and good luck to all the dream chasers out there!#DYOR… pic.twitter.com/Vl9qAbyX8B

— Jane Bennet (@JaneBennet8474) May 28, 2024

Alternatives to Bitcoin Cash

The Bitcoin Cash (BCH) is currently trading below its 9-day and 21-day moving averages. Increased selling pressure could push the price down to $450, while bullish activity could drive it up to $500. Despite holding the 16th position in the cryptocurrency market with a market cap of $9.2 billion, its growth potential is limited. This has shifted trader interest to Dogeverse ($DOGEVERSE), which has raised over $15 million in its presale. Now is the final opportunity to invest in Dogeverse before its launch.

Dogeverse: Poised to Be the Next 100X Gem? A Presale Opportunity with Huge Potential

With Dogeverse emerging as a potential 100X gem in the crypto space, now is the time to seize this incredible opportunity. This presale token boasts crazy potential, making it an enticing investment for those seeking substantial returns. As it breaks through critical milestones and garners attention for its promising performance, investing in Dogeverse could be a game-changer for your portfolio.

You can benefit from Dogeverse today.

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Cheems (CHEEMS) Coin Price Surges as Dogeverse Prepares for Token Launch

MAP Protocol has officially announced its entry into the NVIDIA Developer Program. The strategic collaboration is set to catapult the interoperability of Bitcoin into a new era, leveraging the formidable AI capabilities of NVIDIA. 

As a significant player in the Bitcoin ecosystem, MAP Protocol’s initiative to integrate AI for advancing interoperability research and implementation marks a pivotal step forward. Coupled with it, the alliance with NEAR Protocol, a leader in AI blockchain innovation, further underscores a concerted move towards fostering a seamless interaction between the Bitcoin L2 ecosystem and other blockchain platforms.

MAP Protocol and NIDIA harnessing AI for blockchain innovation

The partnership between MAP Protocol and NVIDIA through the Developer Program is a vivid illustration of the transformative potential of combining blockchain with cutting-edge AI technology. By tapping into NVIDIA’s vast array of AI tools and resources, MAP Protocol is poised to explore and develop sophisticated interoperability solutions that were previously beyond reach.

The integration is not merely a technical collaboration but a visionary step towards unlocking a new dimension of blockchain capabilities, where transactions and interactions across different blockchain systems can occur seamlessly and efficiently. The use of AI in the context not only enhances the precision and functionality of interoperability solutions but also opens the door to new forms of blockchain innovation that are more adaptive, secure, and scalable.

The collaboration with NEAR Protocol, backed by official funding, marks a significant milestone for MAP Protocol in its journey towards achieving unparalleled interoperability within the blockchain domain. The forthcoming announcement at the NVIDIA AI Conference about NEAR’s commitment to evolving into an AI-centric blockchain platform further amplifies the significance of the partnership. At NEARCON 2023, the initiation of the NEAR Mission to enrich AI models through community participation underscored the symbiotic relationship between blockchain and AI.

Advancing cross-chain interoperability

The decision by MAP Protocol to join the NVIDIA Developer Program and align its goals with NEAR Protocol’s AI-driven approach signifies a strategic move towards expediting the development of cross-chain interoperability. With the official grant from NEAR, MAP Protocol is set to pioneer interoperability between the AI-powered NEAR blockchain and other chains, thereby enhancing the fluidity and functionality of digital asset transactions across diverse blockchain ecosystems.

This effort not only demonstrates MAP Protocol’s commitment to innovation but also highlights the critical role of partnerships and collaborations in pushing the boundaries of what blockchain technology can achieve. The integration of AI into the blockchain sphere through initiatives like these is poised to revolutionize the efficiency, security, and usability of blockchain systems, making them more adaptable and accessible to users worldwide.

Conclusion

The strategic integration of MAP Protocol into the NVIDIA Developer Program, combined with its collaboration with NEAR Protocol, marks a significant leap forward in the quest for enhanced blockchain interoperability. By harnessing the power of artificial intelligence, these partnerships aim to unlock new possibilities for seamless and efficient interaction across different blockchain systems. As we move towards a future where blockchain and AI converge to create more sophisticated and user-friendly digital platforms, the initiatives led by MAP Protocol are not just innovative steps but giant leaps towards realizing the full potential of blockchain technology. The collaborative effort not only sets a new standard for blockchain interoperability but also paves the way for future innovations in the digital economy.

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