BCH has recently shown some movement. On the 30-minute candlestick chart, the trading volume suddenly surged by 58.3%, and the current price is stuck at 594.15 USDT.
From a technical perspective, the support level on the 1-hour chart is around 592.27, only 0.02% away from the current price. The entire support zone is distributed between 590.33 and 594.9. This distance is not far, indicating that the bulls have a clear defensive area.
With such a rapid increase in trading volume, it is usually not without reason—often indicating that large funds are actively positioning. If you want to follow this trend, you can place a long order around 592.27, waiting for a rebound after support is confirmed. It is important to closely monitor whether BCH can hold this line, as it will determine the next direction of the trend.
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TokenomicsShaman
· 6h ago
With such a strong increase in trading volume, big players are definitely active, but whether 592 can hold steady depends on the subsequent performance.
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DegenApeSurfer
· 6h ago
Trading volume surges by 58.3%? Big players are quietly accumulating, this doesn't seem quite right.
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CryptoCrazyGF
· 6h ago
The trading volume surged by 58, is it the main force accumulating shares or just another drama of cutting leeks?
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BearMarketLightning
· 7h ago
Trading volume surged by 58%, big players are accumulating. This rhythm is quite interesting.
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RugPullAlertBot
· 7h ago
The trading volume is surging so strongly, beware of a dump, don't get caught in a trap.
BCH has recently shown some movement. On the 30-minute candlestick chart, the trading volume suddenly surged by 58.3%, and the current price is stuck at 594.15 USDT.
From a technical perspective, the support level on the 1-hour chart is around 592.27, only 0.02% away from the current price. The entire support zone is distributed between 590.33 and 594.9. This distance is not far, indicating that the bulls have a clear defensive area.
With such a rapid increase in trading volume, it is usually not without reason—often indicating that large funds are actively positioning. If you want to follow this trend, you can place a long order around 592.27, waiting for a rebound after support is confirmed. It is important to closely monitor whether BCH can hold this line, as it will determine the next direction of the trend.