• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

🚀 OCTA: Things Are Melting Up Quietly 🔥📈

2025-05-27

Bitcoin Investors…Get Ready For An Explosive Week

2025-05-26

Trader loses $2.5M USDT after falling for address poisoning scam twice

2025-05-26

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    2025-05-26

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

    2025-05-23

    What Is a DEX? How DEXs Work and Why They Matter

    2025-05-21

    What Is Blockchain? Blockchain Technology Explained for Beginners

    2025-05-21

    A Beginner’s Guide to Crypto

    2025-05-15
  • Videos

    🚀 OCTA: Things Are Melting Up Quietly 🔥📈

    2025-05-27

    Bitcoin Investors…Get Ready For An Explosive Week

    2025-05-26

    EVERYONE WILL SELL GOLD FOR BTC SOON!!!

    2025-05-26

    Bond Market Meltdown: Bitcoin’s Ultimate Bull Catalyst

    2025-05-25

    5 Crypto Indicators You NEED NOW: Top Tips For Max Gains!

    2025-05-25
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Altcoins»What next as Bitcoin Cash drops below $300?
Altcoins

What next as Bitcoin Cash drops below $300?

2023-07-13No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

  • BCH failed to reclaim the $300 psychological level.
  • The Open Interest rates eased below $500 million.

Bitcoin Cash’s [BCH] wild rally seen at the end of June was dissipating slowly. The altcoin has struggled to secure a daily candlestick session close above $300 since 2 July to no avail. At the time of writing, bulls thronged the $261 support to prevent the pullback from morphing into a downtrend. 


Is your portfolio green? Check out the BCH Profit Calculator 


Similarly, Bitcoin [BTC] bulls seem fixated on not letting the King coin slide below $30k. BTC has been oscillating between $30k – $31.5k for about three weeks (since 22 June). Whether Bitcoin Cash will follow BTC’s cue and chalk a range-bound extension was unclear. 

Will the $261 support remain steady?

Source: BCH/USDT on TradingView

The $261 support was significant because it was also a safe landing for bulls in Q1 2022. So, bulls could be adamant about letting go, lest they expose recent gains to likely losses. The technical indicators also signaled that bulls still had the upper hand. 

For example, the Relative Strength Index eased slightly but was still within the overbought territory. Similarly, the On Balance Volume was still edging higher, albeit sluggishly, reinforcing buying pressure, and demand remained.  

So, BCH bulls could attempt to reclaim or clear the recent high of $329, but they’ll have to close above $300 to realize their targets. 

See also  Analyst Predicts Massive Surge For XRP and Ethereum ETH Price

The first sign of worry for BCH bulls will be a crack of the $261 support. Such a scenario could expose BCH to likely losses and devaluation towards $222.


How much are 1,10,100 BCH worth today? 


Open Interest rates eased below $500 million

Source: Coinglass

The demand for BCH in the futures market recently faltered, further undermining further uptrend momentum. Notably, the Open Interest (OI) rates hit above $500 million at the end of June/early July. 

After that, the OI dropped below $500 million, suggesting demand stagnated amidst BTC consolidation above $30k. A cross above $500 million will likely entice bulls to target $300, but only if BTC surges above $30k. Hence, worth tracking BTC price action. 

Bitcoin Cash Drops
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Investors…Get Ready For An Explosive Week

2025-05-26

Bitcoin Culture Has Always Been Anti-Spam

2025-05-24

BOOM!! BITCOIN ALL TIME HIGH [Where will we go?]

2025-05-23

Bitcoin Megatrends 💥 Domino Finance Set to Explode! 🧨📈

2025-05-23
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Regulation

Impact of the Silvergate collapse on crypto — Watch The Market Report live

2023-03-08

This week on The Market Report, the resident experts at Cointelegraph discuss all the details…

NFT

Apple’s Vision Pro Headset: Everything You Need to Know

2023-06-05

The Alpha: Today, at the Worldwide Developers Conference 2023, Apple revealed its long-awaited mixed-reality headset,…

Bitcoin

Why Bitcoin might end its bearish price action soon

2024-01-20

Bitcoin’s price was down by more than 2% in the last seven days. Market indicators…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

🚀 OCTA: Things Are Melting Up Quietly 🔥📈

2025-05-27

Bitcoin Investors…Get Ready For An Explosive Week

2025-05-26

Trader loses $2.5M USDT after falling for address poisoning scam twice

2025-05-26

What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

2025-05-26
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 108,978.20
ethereum
Ethereum (ETH) $ 2,640.07
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.30
bnb
BNB (BNB) $ 682.25
solana
Solana (SOL) $ 174.26
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.223195
cardano
Cardano (ADA) $ 0.751416
tron
TRON (TRX) $ 0.276106
bitcoin
Bitcoin (BTC) $ 108,978.20
ethereum
Ethereum (ETH) $ 2,640.07
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.30
bnb
BNB (BNB) $ 682.25
solana
Solana (SOL) $ 174.26
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.223195
cardano
Cardano (ADA) $ 0.751416
tron
TRON (TRX) $ 0.276106