BCH is down 0.43%, trading at $117.04

Trading lower, BCH is currently down $0.507 as it ranges between $117.02 and $120.15 so far today.

Despite being in the red so far in the current trading session, Bitcoin Cash peaked above its 200 day Simple Moving Average around $118.27 — typically an early indicator of a new bullish trend beginning to emerge. Bollinger Bands® shows an indication of recovery: the lower band is at $112.95, a low enough level to, generally, suggest that BCH is trading below its fair value. BCH could begin to recover as it approaches significant support, now $5.15 away from $111.9. Dipping below could be an indication that further losses are ahead.

Technical analysis shows that Bitcoin Cash (currently on a downtrend) might reverse course and start going up in the short term.

Positive performances can be seen by looking at other markets as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Cosmos USD rises 4.67% to trade around $11.44. Bitcoin is up 1.62%.

Having soared to a high of $308.18 approximately a year ago, BCH is now trading 61.86% lower. BCH has a market cap of 2.27 billion with an average daily volume of 109.80 million.