$BCH /USDT Technical Analysis – Price: $498.85

Bitcoin Cash is currently trading at $498.85, sitting just below the key psychological level of $500. The asset has shown steady recovery over the past sessions and is attempting to reclaim momentum after a recent pullback.

Market Overview

Current Trend: Neutral to bullish

24H Price Range: Approx. $486.00 – $504.00

Volume: Moderate, with gradual increase during recovery attempts

Key Support Levels

$485.00 – Short-term support

$472.00 – Previous consolidation zone

$455.00 – Major trend support on the daily chart

Key Resistance Levels

$505.00 – Immediate resistance and psychological barrier

$520.00 – Next short-term breakout zone

$548.00 – Major resistance from previous local high

Indicators Overview

RSI: Approaching the neutral zone; no signs of overbought

MACD: Close to crossover, indicating building bullish momentum

Moving Averages:

Price trading near the 9 EMA

A daily close above $505 may trigger a trend continuation toward $520+

Outlook

Bitcoin Cash is at a critical zone. A confirmed breakout above $505 could open the path toward $520–$548.

If rejected, the price may retest the $485–$472 range for support.

Traders should wait for a breakout confirmation with volume or enter cautiously near support with proper risk management.

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