Bearish Bitcoin Cash currently $2.93 lower after trading as high as $115.68

BCH recovering almost all the way back to $115.68 today, after dipping down to $112.56.

Visual analysis of BCH's chart shows that Bitcoin Cash could begin to recover as it approaches significant support, now $1.22 away from $111.54. Dipping below could be an indication that further losses are ahead. Concerning technical analysis and more specifically, trend indicators, despite being in the red so far in the current trading session, BCH peaked above its 10 day Simple Moving Average around $115.64 — typically an early indicator of a new bullish trend beginning to emerge. Asset volatility analysis shows that Bitcoin Cash's upper Bollinger Band® is at $119.93 which indicates a further downward move may follow.

All in all, the technical analysis suggests BCH has no clear-cut direction.

In the meantime, negative performances are also seen in other markets, Litecoin drops 5.85% to trade around $86.29. Ripple closed at $0.455 (down 2.23%).

Other assets are showing positive performances as FTX Token leaps up 9.54% to trade around $1.36.

Bitcoin Cash has shed 17.89% over the past three months. Bitcoin Cash has a market cap of 2.19 billion with an average daily volume of 105.60 million.