2026-01-21 04:23:54

BCH has recently shown a significant change in trading activity, with 30-minute trading volume surging by over 20%, which is usually a signal that the market is about to move.

The current price is around 589.99 USDT. From a support perspective, 587.12 is a key level, only 0.36% away from the current price, forming a support zone from 587.12 to 590.1. When the price approaches such support levels, a rebound opportunity often occurs.

If you are bullish, you might consider placing long orders near 587.12. As for the target, resistance is at 602.28, which is a relatively realistic take-profit point. The sudden increase in volume often indicates rising market participation, increasing the likelihood of a subsequent market move.

In simple terms, the volume anomaly provides a signal; going long at the support level is a feasible strategy, but the key is to closely monitor BCH's subsequent performance.

BCH1,81%

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0xInsomnia

· 01-21 04:53

The trading volume is increasing. This time, BCH feels a bit different. How about buying around 587?

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BridgeNomad

· 01-21 04:53

volume spikes on bch are usually how it goes before things get messy... seen this pattern before during the luna bridge collapse, tbh not entirely convinced this time either. 587.12 support looks clean on paper but slippage tolerance at these levels? risky. what's the actual liquidity profile here

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CantAffordPancake

· 01-21 04:49

The trading volume has exploded; someone is about to make a move. Entering a long position at 587.12, feels like a good try.

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SingleForYears

· 01-21 04:46

The surge in volume is indeed promising, but whether the 587 line can hold is the key. The recent volume and price movement of BCH is still interesting, but don't put all your eggs in one basket. Whether the volume spike is a true breakout or a false one depends on the situation; there are too many lessons from history. The support level layout is fine, but the concern is insufficient rebound strength, which could lead to a quick drop again. The 602 target is a bit conservative; if volume truly increases, it's strange if it can't break this level. A simultaneous rise in volume and price is a good sign, but we still need confirmation and shouldn't be too aggressive.

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CommunityJanitor

· 01-21 04:25

Are you just throwing in volume spikes? 587 isn't the first time it has been touched; we need to wait for a confirmation signal before acting.

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