After four days of declines, BCH is up $2.49 today

Bitcoin Cash goes up to $126.24, having dipped down to $123.65 earlier.

As the trading day comes to an end, chart analysis indicates Bitcoin Cash could be slowing down soon as it approaches resistance at $124.68. Of course, crossing it might suggest further gains are ahead. Trend analysis indicates that Bitcoin Cash made an initial breakout above its 21 day Simple Moving Average at $125.41, a potential indicator of a newly emerging bullish phase. According to asset volatility analysis, Bollinger Band® analysis indicates that current price action is approaching the upper band at $129.26, thereby suggesting that Bitcoin Cash is becoming overvalued.

Notwithstanding BCH's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

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. Bitcoin is up 1.85% to $28,463. Dogecoin gained 2.74% and is currently trading at $0.084.

Having soared to a high of $345.63 approximately 11 months ago, Bitcoin Cash is now trading 64.2% lower. BCH is currently trading with a market cap of 2.44 billion with an average daily volume of 154.57 million.