After three days of going down, BCH is flat today, hovering around $123.19

A mostly flat day so far for Bitcoin Cash, ranging between $122.07 and $123.85; currently at $123.19.

Bitcoin Cash is approaching key support, around $2.77 away from $120.42. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls. Bitcoin Cash made an initial breakout above its 3 day Simple Moving Average at $128.2, a potential indicator of a newly emerging bullish phase. BCH's upper Bollinger Band® is at $135.3 and the lower is $120.42.

Although price action remains in a stalemate, technical analysis suggests BCH could be primed for a break to the upside.

While Bitcoin Cash is pretty flat so far today, mixed performances are seen elsewhere as FTX Token leaps up 9.54% to trade around $1.36. Ripple is trading around $0.462 (down $0.014). Binance Coin gained 2.75% and is now trading at $327.15.

Bitcoin Cash has shed $211.2 points and is languishing 63.15% lower over the past year, leaving its yearly highs around $333.27 in the rear-view mirror. Bitcoin Cash is currently trading with a market cap of 2.39 billion with an average daily volume of 116.38 million.