After opening at $503.82, BCH fluctuated between an intraday low of $497.85 and a high of $509.48, maintaining a firm position above the $500 threshold throughout the session.
The most notable price action occurred during early trading hours, when BCH climbed rapidly from $501.54 to a peak of $514.24. This move coincided with a burst in trading volume, which reached 64,585 units at 02:00 UTC—nearly four times the 24-hour average of 16,708 units—suggesting accumulation by large holders. Following this surge, the price consolidated in a tighter band between $505 and $510, repeatedly testing support near $505 and resistance near $510 without breaking out in either direction.
In the final hour, BCH exhibited a steady climb off a brief dip to $505.73, progressing to $506.88 by session close. A series of higher lows during this interval further emphasized the market’s bullish lean, though activity remained muted, indicating disciplined positioning rather than speculative trading.
Technical Analysis Highlights
- BCH traded within a 2.34% intraday range, between $497.85 and $509.48.
- Pre-dawn breakout reached $514.24 before settling into consolidation.
- Volume spiked to nearly 4x average at 02:00 UTC, suggesting accumulation.
- Support held near $505, while resistance capped near $510.
- Final hour showed steady upward bias on light trading activity.
