After four days of declines, BCH is up $0.822 today

After closing at $132.76 today, Bitcoin Cash began today at $132.76 with significant bullish sentiment driving Bitcoin Cash's price action higher. So far today, price action has drawn out a distinct $131.46 to $134.25 range.

Technical analysis trend indicators suggest that Bitcoin Cash made an initial breakout above its 21 day Simple Moving Average at $132.89, a potential indicator of a newly emerging bullish phase. BCH's notable support and resistance levels: Bitcoin Cash could be slowing down soon as it approaches resistance at $137.18. Of course, crossing it might suggest further gains are ahead.

Overall, the technical outlook suggests BCH is likely to remain muted for the immediate future, with no clear-cut direction.

BCH shows positive signs, other assets are also on par: having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Having closed the previous session at $0.068, TRON is up 1% today to currently trade at around $0.069.

At the same time, Tezos USD draws back 1.49% to trade around $1.22.

10 months ago Bitcoin Cash reached a significant high of $385.82 but has consequently lost 65.59% since then. Bitcoin Cash has a market cap of 2.58 billion with an average daily volume of 166.79 million.