After four days of declines, BCH is up $4.23 today

Currently trading at $115.46, BCH remains range-bound between $110.51 and $115.69.

Bitcoin Cash made an initial breakout above its 3 day Simple Moving Average at $112.53, a potential indicator of a newly emerging bullish phase. BCH's lower Bollinger Band® is at $112.08, indicating that the market is oversold and fertile for new buyers. Despite this, Bitcoin Cash is 17 cents away from testing key resistance at $115.3. Peaking above this level could inspire market bulls and open the path to further gains.

Overall, looking at the technical analysis landscape, it seems BCH likely to continue pointing upward in the short term.

Bitcoin Cash shows positive signs, other assets are also on par: FTX Token jumps 9.54% to trade around $1.36. EOS is up 1.61%. UNICORN Token USD moves up 1.62% to trade around $6.47.

Having set a significant high of $230.13 11 months ago, Bitcoin Cash is trading 51.66% lower. Bitcoin Cash has a market cap of 2.24 billion with an average daily volume of 106.53 million.