BCH cryptocurrency trades up $0.717, approximately 0.55% higher this morning

After closing the previous trading day at $131.58, BCH went up to $132.45 only to drop back; still positive overall today, now trading at $132.3.

Bitcoin Cash could be slowing down soon as it approaches resistance at $133.93. Of course, crossing it might suggest further gains are ahead. Bollinger Band® analysis indicates that current price action is approaching the upper band at $135.11, thereby suggesting that BCH 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.

Other markets are also showing gains as FTX Token rallies 9.54% to trade around $1.36. Litecoin is up 2.92% to $101.68. UNICORN Token USD gained 1.62% and is currently trading at $6.47.

BCH has fallen back around 61.29% from the significant high of $339.89 set a year ago. Bitcoin Cash is currently trading with a market cap of 2.56 billion with an average daily volume of 120.66 million.