Bitcoin Cash Price slides below the $255 price line, marking an 8.57 percent decrease in the 24-hour journey of the cryptocurrency.
Bitcoin Cash/United States Dollar 1-Day Price Chart:
Closer to the end of the day, the cryptocurrency took a steep bearish fall, going down to 239.42 US dollars, which is also the trading price of the pair at the time of writing.
Bitcoin Cash Price: Expectations
The trading pair’s moving averages have observed the same path as the price-line and they still continue to do so. According to the chart, at the time of writing the 20-day Exponential Moving Average (EMA) lies at the 247.40 US dollars.
The 50-day Moving Average (MA) rests at 251.57 US dollars. The Relative Strength Index (RSI) continues to exhibit a ruffled path, and it currently lies further below level 30.
According to coinmarketcap.com, currently, the cryptocurrency is ranked four in the list of top cryptocurrencies based on their market caps. Bitcoin Cash has a 4,503,747,904 US dollar market capitalization.
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