$BCH
General Market:
Price of BCH ≈ 438 $ with a slight increase of 0.02%. The highest level during the day is 439$, and the lowest reached 399$.
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📉 Short-Term Technical Analysis
Failed to break above 450$: A correction was recorded, and a rising wedge pattern has collapsed, with support breaking at ~430$, indicating the possibility of further decline towards 407$ or even 400$.
Technical indicators (on the 4-hour frame): EMA-12 has fallen below EMA-26, and a negative crossover has appeared in MACD— all of which confirm selling pressure.
Current resistance support: The most significant support is between 407–430$, while resistance is close at 445–450$, then higher levels at 491$ and 556$ (in case the upward momentum is restored).
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📊 General Technical Indicators – up to the daily frame
Rating "Strong Buy" according to Bitget: 16 buy signals, 2 sell signals, 7 neutral, with 12 strong buy signals from moving averages.