BCH's recent performance is quite interesting. The trading volume at the 30-minute level has surged by 151.9%, and such abnormal volume movements usually don't appear without reason. The current price is 597.36 USDT, and from a technical perspective, there are a few points worth paying attention to.
Looking from below, the main support is at 587.12, which is only 0.45% away from the current price. The support zone is roughly between 587.12 and 590.1. To be honest, when the price is close to support, there are often some long opportunities.
If you want to participate, here’s a possible approach: place a buy order around 587.12, then set your take profit at 602.28, which is exactly the key resistance above. The amplification of trading volume at this level has historically been a precursor to a market move, so it’s worth closely monitoring BCH’s trend next. Don’t be fooled by the repeated oscillations; the key is still the release of volume.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
5
Repost
Share
Comment
0/400
GasFeeLover
· 13h ago
With such a surge in volume, it feels like it's about to take off
Now 587 really can't hold, betting on 600
151.9% directly taking off, I believe in this signal
Support level is so close, it's a bit like playing with fire
With such a strong volume release, it can't be fake
Let's see if I can buy at 587, otherwise I'll miss out
Alright, I've decided to bet on BCH this round
Trading volume doubled, there must be a trend
Such a volume increase is really rare, a bit nervous
Between 587 and 602, it all depends on whether it can hold up
View OriginalReply0
DAOdreamer
· 13h ago
With such strong volume, it feels like things are about to move.
View OriginalReply0
MysteryBoxOpener
· 13h ago
With such strong volume, there's an 80% chance something is about to move. Let's see how far this wave can go.
View OriginalReply0
ConsensusBot
· 13h ago
151.9% trading volume surge, BCH is really different this time
Around 587 is indeed a sniping point, let's see if it can really break out with volume
Volume release is the key, don't guess the price movement blindly
This move will either push up or drop down, there's nothing interesting in between
I just want to see if 602 can hold steady; only a break confirms it
View OriginalReply0
ForkPrince
· 13h ago
The trading volume has doubled to 151.9... BCH is really about to move this time, right?
If the 587 support level isn't broken, it seems there's indeed a chance.
Volume release usually doesn't go wrong; the key is to wait until it truly breaks out.
BCH's recent performance is quite interesting. The trading volume at the 30-minute level has surged by 151.9%, and such abnormal volume movements usually don't appear without reason. The current price is 597.36 USDT, and from a technical perspective, there are a few points worth paying attention to.
Looking from below, the main support is at 587.12, which is only 0.45% away from the current price. The support zone is roughly between 587.12 and 590.1. To be honest, when the price is close to support, there are often some long opportunities.
If you want to participate, here’s a possible approach: place a buy order around 587.12, then set your take profit at 602.28, which is exactly the key resistance above. The amplification of trading volume at this level has historically been a precursor to a market move, so it’s worth closely monitoring BCH’s trend next. Don’t be fooled by the repeated oscillations; the key is still the release of volume.