A slow down? After five days of going up, Bitcoin Cash is flat today, hovering around $115.3.

BCH drops from $115.49 to $115.3, losing $0.194 (0.17%) today.

Bitcoin Cash made an initial break below its 21 day Simple Moving Average at $114.78, a possible indication of a forthcoming negative trend. BCH's upper Bollinger Band® is at $117.46, suggesting that a downward move may follow. In contrast, Bitcoin Cash is approaching key support, around 31 cents away from $115. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.

Despite the market lacking direction, technical chart analysis strongly suggests Bitcoin Cash is positioned for a downward move in the near term.

At the same time, mixed performances are seen elsewhere as FTX Token is up 9.54%. UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session. Ethereum retreats 0.94% to trade around $1,870.67.

Over the past 11 months, Bitcoin Cash has retreated 36.85% from a noteworthy peak of $182.9. BCH is currently trading with a market cap of 2.24 billion with an average daily volume of 76.11 million.