BCH Clears $550 on Heavy Volume; $547 Flips to Support as Range Narrows
The post BCH Clears $550 on Heavy Volume; $547 Flips to Support as Range Narrows appeared on BitcoinEthereumNews.com.
According to CoinDesk Research technical analysis data model, BCH$554.76 pushed through $550 on a heavy-volume burst, then cooled into a tight band as traders gauged whether the new support would stick. Technical analysis highlights Path and result: BCH climbed from $540.24 to $554.52 for a 2.6% session gain, establishing higher lows and confirming an uptrend structure. Breakout timing: The push began in Asian hours when price broke $547 at 1 a.m. UTC; the breakout candle printed 130,078 units. Volume context: During the move above $550, trading ran 328% above average, signaling strong participation behind the breakout. Post-move check: A pullback to $553.58 in the latest hour tested the area just above the breakout zone. Weekly context (vs BTC): The model notes weekly gains of 4.8% for BCH against a 1.2% decline for bitcoin over the same span. What the patterns mean Breakout with confirmation: Breaking $547 first and $550 next, with heavy activity, tells you buyers weren’t alone—there was depth behind the move. Fresh support test: A quick dip to $553.58 after the breakout is a normal “check” to see if new buyers defend the level; $553.50 is the line the model is watching. Constructive structure: The model’s higher lows at $528.55 and $534.36 and an ascending trendline from Oct. 30 remain intact, even as a lower high from $558.25 is on watch. Support and resistance map Support (nearest): $553.50 (freshly tested). Support (breakout retest): $547 (resistance-turned-support). Trend reference: Ascending line from Oct. 30 sits above $534; prior higher lows at $534.36 and $528.55. Resistance (immediate): $558.25 (prior high). Near-term band: $553 to $556 defines the current consolidation box. Volume picture Peak bar: 130,078 units at 1 a.m. UTC on the $547 breach. Breakout participation: +328% vs. average during the run through $550. After the push: The model notes elevated…
Filed under: News - @ November 1, 2025 4:27 am