Losing streak continues: BCH down $1.21 to $112.9 adding to its four days of losses

Bitcoin Cash slides down from $114.11 to $112.9 today, losing $1.21 (1.06%).

Chart analysis indicates Bitcoin Cash could begin to recover as it approaches significant support, now 54 cents away from $113.44. Dipping below could be an indication that further losses are ahead. Trend-focused traders would be interested to note that despite being in the red so far in the current trading session, BCH peaked above its 10 day Simple Moving Average around $114.33 — typically an early indicator of a new bullish trend beginning to emerge. According to asset volatility analysis, Bitcoin Cash's upper Bollinger Band® is at $117.95 which indicates a further downward move may follow.

With market volatility ebbing, the current technical outlook indicates Bitcoin Cash will remain range-bound for the immediate future.

In the meantime, negative performances are also seen in other markets, after ending today's session at $92.29, Litecoin lost $2.96 and is trading around $89.33. EOS is down $0.025 from the beginning of the session and now trades around $0.887.

Other assets are showing positive performances as FTX Token gained 9.54% and is now trading at $1.36.

Having set a significant high of $204.51 a year ago, BCH is trading 44.2% lower. Bitcoin Cash is currently trading with a market cap of 2.19 billion with an average daily volume of 89.98 million.