As per the chart posted above, the cryptocurrency stepped onto the 1-day analysis with its low of 276.67 US dollars, which followed an abrupt increase of price that took the price line beyond 280 US dollars price level. Before mid-day of November 9, the cryptocurrency reached its daily-high of 283.53 US dollars. Further, into the day, the cryptocurrency fell to the $278 price line.
Bitcoin Cash price analysis: what to expect?
According to the BCH/USD price chart above, the 20-day Exponential Moving Average (EMA) has mostly stayed above the $280 price mark for the 24-hour price analysis. At the time of writing, the Relative Strength Index (RSI) rests below level 40.
Just as these lines are being written, the Moving Average (MA) stays above the EMA, at 281.65 US dollars price mark.
According to coinmarketcap.com, currently, the Bitcoin Cash has a market capitalization of 5,198,011,009 US dollars, with a circulating supply of 18,104,638 BCH. Bitcoin Cash (BCH) is also ranked fourth in the list of all cryptocurrencies based on their market caps.
Featured Image by Pixabay.