BCH cryptocurrency trades up $0.921, approximately 0.8% higher going into tomorrow

After closing the previous trading day at $115.52, BCH went up to $116.9 only to drop back; still positive overall today, now trading at $116.44.

Trend and momentum analysis indicates that Bitcoin Cash made an initial breakout above its 21 day Simple Moving Average at $116.55, a potential indicator of a newly emerging bullish phase. According to asset volatility analysis, Bitcoin Cash's upper Bollinger Band® is at $121.27, this is a slight indication of a slowdown. Following today's trading session, chart analysis suggests BCH could be slowing down soon; it is getting close to the resistance line and is now at $117.31, only 87 cents away. Crossing the resistance line could, however, suggest that further gains are ahead.

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

Bitcoin Cash shows positive signs, other assets are also on par: FTX Token surges 9.54% to trade around $1.36. TRON added 2.59% to its value, now trading at $0.072.

Meanwhile, UNICORN Token USD is down $0.197 from the beginning of the session and now trades around $6.43.

Bitcoin Cash has shed 20% over the past three months. BCH has a market cap of 2.26 billion with an average daily volume of 109.00 million.