BCH is showing a strong reversal from the long-term ascending support trendline, holding above a key zone around $309. This bounce aligns with a historical support level and confirms buyer interest.
The structure remains intact within a descending wedge, with a potential upside move toward the long-term resistance near $480–$500. As long as price holds above $309, momentum favors bulls, and a breakout could lead toward the $600–$1,200 zone mid-term.
DYOR, NFA
