$BCH
Bitcoin Cash (BCH) as of August 15, 2025:
📉 **Price & Market Performance**
- **Current Price**: $588–$590 (down 4–5% in 24h)
- **24h Range**: $578–$626, testing key resistance at $625–$626
- **Weekly Trend**: +2–4% over 7 days, but facing selling pressure near yearly highs
⚖️ **Technical Signals**
- **Short-term**: Bearish ("Strong Sell" on daily indicators; RSI at 31.7 nearing oversold)
- **Medium-term**: Bullish ("Strong Buy" weekly/monthly ratings; rising trend channel targeting $751)
- **Key Levels**:
- *Support*: $586 (immediate), $580 (critical)
- *Resistance*: $626 (yearly high), then $715
💹 **Volume & Sentiment**
- **24h Volume**: $453M–$618M (down 25% from yesterday, indicating fading momentum)
- **Market Sentiment**: Mixed (33.5% bullish; social mentions down 14.5%)
🔍 **Catalysts & Fundamentals**
- **Bitcoin Correlation**: Surged recently alongside BTC's new all-time highs
- **Adoption Edge**: Focus on fast payments and low fees (8MB→32MB block size)
- **Supply Cap**: 19.9M BCH circulating (max 21M), enhancing scarcity
⏭️ **Short-Term Outlook**
Defending **$580–$586** is crucial for rebound potential. A break below may trigger dip to $563, while holding $600 could retest $626. Longer-term bullish structure remains intact, especially if BTC sustains momentum.
💡 **Watch**: Bitcoin's price action and ETF developments – key drivers for BCH near-term .
