【BCH Strongly Breaks Through $500! Bulls Are Making Moves, Is the $525 Level Within Reach?】
BCH made a high-profile appearance today, surging over 4.3% in the short term, with a peak reaching $500.36, becoming the brightest star among mainstream coins. The market cap is nearing $10 billion, and the 24H trading volume has surged over 22%, indicating that funds are rapidly flowing back, and market sentiment is clearly warming up!
However, on-chain data reveals "unusual" signals:
The number of active addresses has risen for three consecutive days, and network attention and participation have skyrocketed.
Meanwhile, the total trading volume has sharply declined, indicating that users are active but not trading frequently—this resembles a period of accumulation rather than a selling phase.
My core viewpoint:
This may imply that large funds are quietly "ambushing to build positions," rather than chasing highs and lows in a market frenzy. BCH's current price has broken through the upper channel line, with a strong technical structure, and bulls are leading the pace!
Key technical points:
The current price is firmly standing between the middle and upper bands of the Bollinger Bands, with an established bullish trend.
If it breaks out with volume, there is a short-term potential to challenge the $525 resistance level; once successfully broken, it may open up a new round of upward space.
The support level below is at $478; if it falls below this, the short-term strength will be broken, so pay attention to profit-taking rhythm.
In summary:
The current BCH is like a loaded bow and arrow, ready to explode at any moment! But do not act impulsively; reasonable layout + risk control is key to ultimately winning.
Follow me, and I will lead you to ambush the next wave of rising themes in advance, instead of waiting for the market to heat up before chasing highs.
