After five days of declines, BCH is up $2.64 today

Tentatively higher from an earlier low of $102.34, Bitcoin Cash is up to $105.35 today, adding $2.64, or 2.58%, to today's closing price of $102.7.

Bitcoin Cash made an initial breakout above its 5 day Simple Moving Average at $104.33, a potential indicator of a newly emerging bullish phase. BCH's lower Bollinger Band® is at $101.33, indicating that the market is oversold and fertile for new buyers. BCH broke through the $103.59 resistance and climbed above it $1.75; next resistance level is at $105.02.

BCH continues to move higher with technical analysis indicating the trend will continue in the short term.

Other markets are also showing gains as FTX Token is up 9.54%. Having closed the previous session at $0.526, Ripple is up 5.85% today to currently trade at around $0.556. Binance Coin is up 2.3%.

Bitcoin Cash has shed 19.49% over the past three months. BCH is currently trading with a market cap of 2 billion with an average daily volume of 78.46 million.