Mixed sentiment leads BCH cryptocurrency to trade sideways; establishes tight $105.13 to $106.15 range

BCH is now trading at $105.38 after tracing out a steady $105.13 – $106.15 range today.

Bitcoin Cash's upper Bollinger Band® is at $119.91 and the lower is $101.63. Bitcoin Cash is approaching key support, around $1.98 away from $103.41. 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.

Despite muted price action in BCH, chart analysis indicates it is positioned for a bullish run in the short term.

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. Ripple is down to $0.503, losing $0.016, after closing at $0.519 in the preceding trading session. Having closed the previous session at $4.28, UNICORN Token USD is up 7.09% today to currently trade at around $4.59.

Bitcoin Cash is now trading 19.58% below its 3-month high of $155.82. Bitcoin Cash has a market cap of 2 billion with an average daily volume of 78.50 million.