Bitcoin Cash price steers downwards as of November 21, till November 22, concluding a price just above the 227.50 US dollar price line.
BCH/USD 24-Hour Price Analysis:
As per the chart posted above, cryptocurrency’s price line was at its daily-high of 246.28 US dollars early into the 1-Day price analysis, after which the graph observed a negative slope throughout the rest of the day.
The cryptocurrency had reached its lower support at the 218.72 US dollar price mark. Bitcoin Cash’s (BCH) recovered to reach just above the $227.50, at an ongoing trading price of 228.79 US dollars, which marks a decrease of over 6 percent in its previous resting value of over the 245 US dollar price mark.
Bitcoin Cash Price Analysis: Moving Averages
The moving averages sketch along with the downward movement of the trading pair’s price line, while the 20-day Exponential Moving Average (EMA) is placed at 226.65 US dollars. The 50-day Moving Average traces right below the EMA, closing just below the $226 mark, at 225.17 US dollars.
The Relative Strength Index (RSI) continues to vary between the levels 30 and 70. The RSI currently lies above level 70, at 78.54.
Currently, Bitcoin Cash has a market cap of 4,153,340,157 US dollars.
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