After four days of persistent declines, BCH stabilises around $113.25

BCH recovers back to $113.25 after dipping down to $111.9 today, in a session that followed a closing value of $113.26.

Trend and momentum analysis indicates that Bitcoin Cash made an initial breakout above its 3 day Simple Moving Average at $113.09, a potential indicator of a newly emerging bullish phase. Asset volatility analysis shows that BCH's upper Bollinger Band® is at $118, suggesting that a downward move may follow. BCH's notable support and resistance levels: after reaching the $111.84 support zone, BCH bounced and climbed $1.41 above it.

Overall, technical indicators suggest Bitcoin Cash has no obvious direction for the immediate future.

Meanwhile, mixed performances are seen elsewhere as FTX Token added 9.54% to its value, now trading at $1.36. Litecoin is up 4.55%. Ripple is down to $0.506, losing $0.01, after closing at $0.517 in the preceding trading session.

Bitcoin Cash is now trading 15.95% below its 3-month high of $189.03. Bitcoin Cash has a market cap of 2.20 billion with an average daily volume of 83.51 million.