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February 26, 2023
Tentatively higher from an earlier low of $132.55, BCH is up to $135.09 today, adding $2, or 1.52%, to today's closing price of $133.08.
Bitcoin Cash price action is currently oscillating around the $134.25 resistance level with prices moving above and below several times during the session. Despite posting gains so far today, BCH slid below its 21 day Simple Moving Average at $132.88 in earlier trade — an early indicator that a negative trend could be emerging. On the other hand, note that a Morning Star, which is a bullish visual pattern consisting of three candlesticks. The pattern forms following a downward trend and tends to indicate a reversal before the start of a new upward climb.
Overall, looking at the technical analysis landscape, it seems Bitcoin Cash is likely to reverse course and start pointing down in the short term.
BCH shows positive signs, other assets are also on par: FTX Token is up 9.54%. TRON is up 1.79%.
Meanwhile, UNICORN Token USD closed at $6.43 (down 2.98%).
BCH reached a significant high of $385.82 around 10 months ago but has lost 65.51% since then. BCH has a market cap of 2.61 billion with an average daily volume of 176.55 million.
