$BCH Breakdown Avoided, But Is Momentum Back?
BCH bounced back from the $488 support zone after a sharp rejection from $496. The price is hovering just under resistance with a short-term indecision candle, hinting at a tug-of-war between bulls and bears.
Key Price Zones
Resistance:
• $492 – Immediate barrier
• $496 – Short-term peak and breakout level
Support:
• $488 – Key support zone
• $484 – Breakdown invalidation
Potential Scenarios
Bullish Break: Reclaiming $492 with volume may trigger a push toward:
Target 1: $496
Target 2: $499
Target 3: $505
Bearish Pullback: Losing $488 could open room for downside toward $484–$480.
Momentum needs confirmation; watch for volume shift near $492 before positioning.