The post Bitcoin Cash (BCH) Gains 23% Despite Weak On-Chain Signals, $505 Next? appeared on BitcoinEthereumNews.com.

Bitcoin Cash is bucking the trend. While most large-cap cryptocurrencies have struggled through a quiet June, BCH has climbed over 23%, breaking past key resistance and edging closer to the $500 mark. It’s one of the month’s few standout performers, and traders are paying attention. Volume has surged, and price momentum looks strong on the surface. But a closer look tells a more cautious story. Despite the sharp move, on-chain metrics show only a slight uptick in address activity, and there’s no clear catalyst driving the rally. That raises the key question: is this breakout the start of a longer move, or just another short-term pop in an uncertain market? Bitcoin Cash Volume Picks Up, But Still Has a Long Way to Go One of the earliest signs of momentum came from a sharp jump in trading volume. Around mid-June, Bitcoin Cash saw its daily volume climb from under $350 million to nearly $500 million; a move that lined up with its breakout past the $445 resistance level. But context matters. At its peak in December 2024, BCH’s volume topped $1.2 billion during its push above $600. Compared to that, the current volume still looks light. BCH volume action- Source: CoinMarketCap So while the spike shows fresh interest, it’s not yet a signal of conviction buying. The rally appears to be driven more by opportunistic traders than by sustained accumulation. BCH price action- Source: CoinMarketCap BCH Builds Momentum, But Resistance Still Looms Bitcoin Cash (BCH) has carved out a classic bullish structure, forming an ascending triangle with higher lows since late May. It’s now pressing up against a key resistance zone between $504 and $565; the same ceiling that cut short the November 2024 rally. If bulls manage a clean breakout and hold above this range, the door opens for…

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Filed under: News - @ June 27, 2025 6:25 pm