BCH's recent movement has attracted quite a bit of attention. On the 30-minute chart, trading volume suddenly surged by 156.2%, and such anomalies are rarely without reason. The current price hovers around 589.09 USDT, with short-term support stable at 587.12. From the 1-hour chart, the distance is not far, approximately 1.41%.

From a technical perspective, the range between 587.12 and 590.1 has become a key support zone. Once the price is confirmed here, the momentum for a rebound could be quite strong. The resistance level above is set near 602.28, which is the target to break through.

What does a sharp increase in trading volume usually indicate? It often signals that a new round of market movement is about to unfold. If you are considering going long, placing an order around 587.12 would be a relatively safe move, with the target aiming at the resistance zone of 602.28. The key is to closely monitor the subsequent trend and whether the trading volume can stay high, as this will directly impact the likelihood of a breakout.