- BCH is also trading at $591.83 following a 2.8 percent increase, and the price behavior is maintained near the $595.08 resistance area.
- The asset has been stable above the support of $572.13, and it is not leaving it within a thin 24-hour range.
- BCH has an increase of 3.1 percent over BTC at 0.006617 BTC, which provides additional information to the ongoing short-term movement.
This did not stop Bitcoin Cash (BCH) catching the eye of investors today as the price remained steadily above recent levels, heading towards a thick selling wall on the chart. It was trading at $591.83 which was an improvement of 2.8 per cent in the last 24 hours. This movement placed BCH close to the important $595.08 resistance, which appeared clearly defined on the current structure. Notably, trading activity concentrated within the narrow intraday band, suggesting tight control between buyers and sellers. The observed chart also highlighted stacked supply zones above the current price, reinforcing interest in how BCH responds as it pushes toward the next major target near $610.
Buying Pressure Holds Above Support as Range Stays Tight
BCH maintained stability after rebounding from its established $572.13 support level, which previously provided a firm base during earlier declines. This area remained relevant as the market monitored intraday behavior. Additionally, the 24-hour range showed consistent movement inside a restricted window, which added context to the current structure. The chart displayed thick demand bands below $580, indicating continued activity around lower levels. However, the price stayed well above these zones throughout the session.
To transition into broader metrics, analysts also noted the coin’s pair performance. BCH recorded 0.006617 BTC, marking a 3.1% move against Bitcoin. This figure offered further perspective on how the asset behaved relative to market leaders. The cross-pair reading added another layer to understanding the present trend.
Market Eyes the Selling Wall Near $595.08
The resistance at $595.08 remained the key reference point on the chart. BCH approached this area repeatedly, and each attempt reinforced its short-term importance.
According to a chart by analyst CW8900, The move toward this threshold connected directly to the broader discussion around the potential push toward $610, which appeared as the next marked region on the chart.However, the price remained close enough to suggest continued testing attempts.
Chart Structure Highlights Upper Zones While Activity Builds
As the price stayed near the upper band of the current structure, the chart showed multiple stacked resistance levels above $600. These areas formed a sequence of barriers that traders continued to monitor. Notably, the $610 zone appeared distinct within the highlighted red region, making it the next major area of interest. This positioned the asset within a defined upward channel, supported by the earlier bounce from $572.13. The steady approach toward the resistance maintained consistent market engagement while tightening the focus on how BCH behaves near the key threshold.
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