Bitcoin Cash (BCH) is Trading at $431.33, Showing a Slight Dip of 0.25% Over the Last 4-hour Period

After a recent rally that pushed prices to a local high near $438, BCH is now facing selling pressure. The short-term trend appears to be consolidating

Bitcoin Cash (BCH) is currently trading at $431.33, showing a slight dip of 0.25% over the last 4-hour period. After a recent rally that pushed prices to a local high near $438, BCH is now encountering selling pressure. This move has stalled the recent upward trend.

The short-term trend appears to be consolidating, with signs of weakening bullish momentum.

BCH Crucial Support Zone Between $415 and $438

The 4-hour chart reveals that BCH recently broke above the upper Bollinger Band, which is usually associated with overbought conditions. This move was followed by a retracement, bringing the price back to the support of the 9-period Exponential Moving Average (EMA) at $431.72.

The price action is closely following this EMA, suggesting some indecision in the market. Meanwhile, the 9-period Triple Exponential Moving Average (TEMA) is at $438.19, presenting a resistance level that bulls have struggled to overcome.

The Relative Strength Index (RSI) stands at 60.46, showing a slight decrease from the previous reading of 66.67. Although still in positive territory, the RSI is moving downward, which may indicate a slowdown in buying pressure. If the RSI continues to decline and falls below neutral territory, it could signal a shift toward bearish sentiment.

The Moving Average Convergence Divergence (MACD) indicator still shows a bullish crossover, with the MACD line above the signal line. However, the histogram bars are decreasing in height, suggesting that momentum may be gradually decreasing. If this pattern continues, it could lead to a bearish crossover in upcoming sessions.

Support is currently found around $415.58, defined by the middle line of the Bollinger Bands. A break below this level could open the door to further declines toward the $375.51 zone, which marks a previous consolidation area.

On the upside, a clear breakout above the $438 resistance could pave the way for a move toward $455 and beyond. This level is defined by the upper boundary of the Bollinger Bands.

Bitcoin Cash is at a technical crossroads. While the recent rally shows potential for bullish continuation, the indicators suggest a pause or possible pullback. Traders should keep an eye on the $431–$438 range for confirmation of the next move.