📈 Analysis and forecast for $BCH : further prospects 🚀
As of May 29, 2025, 10:56 EEST, the rate $BCH on Binance is $422.8, with a 1% increase over the last 24 hours. The trading volume for the day is about $247M, and the market capitalization is $8.42B (with a circulating supply of 19.83M BCH). The gentle increase reflects moderate interest in the asset amid overall market stabilization.
Technically, $BCH is in a sideways trend with a neutral momentum. On the 4-hour chart, the price is testing support around $420, while resistance is at $450. RSI (14) is close to 50, indicating no overbought or oversold conditions. A breakout above $450 could pave the way to $500, as noted by some observations on X, while a drop below $400 would intensify bearish pressure.
Forecast: In the coming weeks, BCH may fluctuate in the range of $420–$450 if the current volume is maintained. By July 2025, a correction to $390 is possible, but with positive news (for example, regarding increased adoption), the price could reach $550 by the end of the year. The long-term target for 2026 is $700+, if BCH strengthens its position due to the block increase (32MB) and low fees. Fundamentally, advantages in transaction speed and support for P2P payments enhance the potential, but competition with BTC and limited adoption remain risks.
Further prospects? The current price is $422.8 after a 1% increase, appearing as a consolidation zone. To secure profits, wait for $450–$500. Set a stop-loss at $400. For holders, this is an asset with moderate potential — watch for volumes and market sentiment. The market is volatile, be cautious! #BCH #Binance #CryptoAnalysis
