$BCH "Bitcoin Cash Holds Steady Near $400 – POW Veteran Shows Stability"
BCH maintains its position at $401.40 (+0.43%), trading between $402.30 (24h high) and $387.60 (24h low) with $12.42M volume. The original Bitcoin fork demonstrates resilience as traders watch for its next move.
Key market observations:
- 31,328 BCH exchanged
- Price consolidating near psychological $400 level
- Volume suggests cautious accumulation
The token's performance highlights:
1) Continued relevance of proof-of-work chains
2) Steady demand from long-term supporters
3) Balanced technical indicators
Trading patterns show neither strong buying nor selling pressure currently dominating, suggesting a wait-and-see approach from market participants.
Always conduct your own research before making investment decisions. This is not financial advice.
