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May 22, 2023
Bitcoin Cash slides down from $114.72 to $113.75 today, losing $0.967 (0.84%).
Bitcoin Cash could begin to recover as it approaches significant support, now 44 cents away from $114.19. Dipping below could be an indication that further losses are ahead. Bitcoin Cash's upper Bollinger Band® is at $120.68 which indicates a further downward move may follow.
Overall, looking at the technical analysis landscape, it seems BCH is likely to start pointing downward in the short term.
In the meantime, negative performances are also seen in other markets, after ending today's session at $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43. After ending today's session at $92.33, Litecoin lost $1.3 and is trading around $91.03.
Other assets are showing positive performances as FTX Token jumps 9.54% to trade around $1.36.
BCH is now trading 17.7% below its 3-month high of $204.51. Bitcoin Cash is currently trading with a market cap of 2.21 billion with an average daily volume of 107.45 million.
