BCH cryptocurrency trades up $4.17, approximately 3.61% higher this morning

Tentatively higher from an earlier low of $114.8, Bitcoin Cash is up to $119.55 today, adding $4.17, or 3.61%, to today's closing price of $115.39.

Bitcoin Cash broke through the $115.76 resistance and climbed above it $3.79; next resistance level is at $117.12. Bitcoin Cash made an initial breakout above its 200 day Simple Moving Average at $118.88, a potential indicator of a newly emerging bullish phase. Despite this, BCH's upper Bollinger Band® is at $122.46, this is a slight indication of a slowdown.

According to technical analysis, it looks as if BCH likely to continue pointing upward in the short term.

Bitcoin Cash shows positive signs, other assets are also on par: FTX Token is up 9.54%. Having closed the previous session at $0.072, Dogecoin is up 1.79% today to currently trade at around $0.073.

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

BCH has shed $100.13 points and is languishing 46.46% lower over the past year, leaving its yearly highs around $214.54 in the rear-view mirror. BCH is currently trading with a market cap of 2.32 billion with an average daily volume of 115.79 million.