BCH cryptocurrency trades up $4.9, approximately 3.73% higher this afternoon

After closing the previous trading day at $131.59, Bitcoin Cash is up to $136.49, which makes for a move of 3.73%/$4.9 today.

Bollinger Band® analysis indicates that current price action is approaching the upper band at $142.67, thereby suggesting that Bitcoin Cash is becoming overvalued.

After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest BCH is set for a reversal in the coming days.

Bitcoin Cash shows positive signs, other assets are also on par: FTX Token is up 9.54% to $1.36. Ripple gained 5.74% and is now trading at $0.397. Having closed the previous session at $27,000, Bitcoin is up 4.36% today to currently trade at around $28,200.

Bitcoin Cash reached a significant high of $385.82 around 11 months ago but has lost 65.89% since then. BCH has a market cap of 2.64 billion with an average daily volume of 189.96 million.