$BCH /USDT Technical Analysis – Bullish Momentum Testing Resistance 🚀

📌 Current Price: $493.60

📈 24h Change: +7.51%

🔻 Live Pullback: -0.72% from 24h high

📊 24h Range:

High: $505.20

Low: $457.40

🔄 Volume (24h):

BCH: 142,212

USDT: $68.69M

Volume SMA: ~16.3K → Nearly 9x normal volume = 🚨 strong confirmation

🔧 Category: PoW (Proof of Work) Coin

Exchange: Binance

📉 Price Structure

BCH surged to $505.2, breaking past multiple resistance zones before minor rejection.

Currently hovering near $493, it’s forming a potential bull flag above former resistance-turned-support at $480.

🔍 Key Technical Levels

Level Type Description

$505.00 Resistance 1 24h high, breakout level

$520.00 Resistance 2 Next macro target / FIB extension

$480.00 Support 1 Last consolidation area

$457.00 Support 2 24h low / breakout base

🎯 Trade Setup – Bullish Continuation

> Option 1 – Breakout Entry:

Entry: $495–$505

TP1: $520

TP2: $550

SL: $474

> Option 2 – Pullback Buy:

Entry: $475–$480

TP1: $500

TP2: $520

SL: $456

✅ Summary

Indicator Signal

Trend Bullish

Volume 🔥 Explosive

Momentum Strong

Bias Long / Buy

📌 Insights:

BCH is breaking out with conviction, riding PoW and halving narratives.

A close above $505 on 4H/1D timeframes could unlock mid-term rally targets at $550–$580.

Momentum remains healthy as long as $480 holds.

Would you like RSI/MACD confirmation or a multi-timeframe alignment for longer-term positioning?

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