BCH cryptocurrency trades up $0.664, approximately 0.6% higher going into tomorrow

Marginally higher but lacking a clear-cut direction, Bitcoin Cash is trading at $111.74 after ranging between $110.58 and $112.36 today.

Bitcoin Cash's upper Bollinger Band® is at $117.29, this is a slight indication of a slowdown. BCH could be slowing down soon as it approaches resistance at $115.02. Of course, crossing it might suggest further gains are ahead. On the other hand, note that Bitcoin Cash made an initial breakout above its 5 day Simple Moving Average at $112.44, a potential indicator of a newly emerging bullish phase. BCH formed a session range of $110.58 to $112.36 leaving buyers and sellers highly concentrated around an active Fibonacci resistance level of $111.31.

Technical analysis suggests there could be an imminent reversal for BCH.

Bitcoin Cash 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. Having closed the previous session at $0.862, EOS is up 3% today to currently trade at around $0.888. Having closed the previous session at $259.19, Binance Coin is up 1.86% today to currently trade at around $264.

Having soared to a high of $175.88 approximately a year ago, BCH is now trading 36.84% lower. Bitcoin Cash has a market cap of 2.17 billion with an average daily volume of 75.54 million.