Is it the end of BCH's rally? After three days of gains, it is down by 0.9% today

Slightly weaker but mostly flat: Bitcoin Cash is currently trading at $134.81 as it maintains an active range between $130.29 and $146.66.

Following today's trading session, chart analysis suggests the nearest support level is at $117.4, to be followed by $99.21. Trend-focused traders would be interested to note that investors are seeking long positions as Bitcoin Cash price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. According to momentum evaluation, the Relative Strength Index indicates BCH is in an overbought condition. Asset volatility analysis shows that BCH's upper Bollinger Band® is at $132.77 which indicates a further downward move may follow.

Overall, while BCH has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

In the meantime, negative performances are also seen in other markets, Binance Coin closed at $243.93 (down 2.03%).

Other assets are showing positive performances as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Cardano improves 2.71% to trade around $0.294.

BCH has managed to gain 39.93% so far this year despite trading at lows around $88.95 previously. Bitcoin Cash has a market cap of 2.62 billion with an average daily volume of 99.90 million.