Mixed sentiment leads BCH cryptocurrency to trade sideways; establishes tight $125.51 to $126.89 range

BCH is now trading at $126.2 after tracing out a steady $125.51 – $126.89 range today.

Concerning technical analysis and more specifically, trend indicators, the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Analysis based on the asset volatility indicates that BCH's upper Bollinger Band® is at $144.43 and the lower is $122.14. Chart analysis suggests BCH is approaching key support, around 61 cents away from $125.59. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.

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

At the same time, mixed performances are seen elsewhere as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session. EOS is trading around $1.3 (down $0.021).

BCH has fallen back around 67.28% over the past 11 months, from a notable high of $385.82. BCH has a market cap of 2.44 billion with an average daily volume of 218.92 million.