$BCH / USDT Showing Downward Pressure After Recent High on Binance 📉
Bitcoin Cash ( $BCH ) is currently trading at $300.5 on Binance, down by 0.63% on the 4-hour chart and 1.67% overall.
The 4-hour chart shows that after reaching a 24-hour high of $317.3, it $BCH has experienced a notable pullback and is now trading closer to the $300 level. The 24-hour low sits at $290.2, indicating the range of recent price movement.
The immediate support level to watch is around the current price of $300. A break below this could lead to a further downside towards the $296 and potentially the $290 (24-hour low) levels. On the upside, resistance is likely around the $304 and $308 marks. A sustained move above these could signal a potential recovery.
Key Levels to Watch:
Potential Support: $300, $296, $290.2
Potential Resistance: $304, $308, $312
Traders should monitor volume and price action for confirmation of the next directional move after this recent pullback.
