Bitcoin cash becomes the worst performer of the crypto assets over the past day according to the price charts that we have in our latest Bitcoin Cash news. The asset got down to $0.46 in the past 4 hours and ended the 2nd-day streak.
Bitcoin Cash closed the previous 4 hours down by 0.18% which denoted the 3rd candle in a row that went down. Those that use BCH as a trading asset should know that bitcoin Cash becomes the worst performer overnight, but especially in the past 4 hours. The 254 level was the opening price of the day for BCH which resulted in yesterday being a day when the price moved by 0.46%. This move happened at a lower volume as the volume from yesterday was down 15% from the day before and 73% from the same day the week before.
Compared to the other crypto assets in the top asset class, Bitcoin Cash ranked 2nd since yesterday in terms of percentage price change. BCH is close to the 20, 50, and the 200-day moving averages which could act as a price barrier for the asset. The trend traders will see that the strongest trend appears on the 14-day horizon over which the price was moving up. For another point, consider that Bitcoin Cash price went up by 8 percent of the previous 14 trading days.
As reported recently, a key inflection zone could boost the price of Bitcoin Cash again since the asset corrected lower from the $270 resistance zone. BCH seems to be preparing for the next crucial break above the $260 or to the $230 support. Before the market reversal, Bitcoin Cash was up by more than 9% as it broke the key $250 resistance. Now, the levels are below this resistance but BCH is still in a good position. According to traders, Bitcoin Cash stays in green because of its good support and the fact that it rallied before this.
In the other Bitcoin Cash news, we can see that the digital currency and blockchain company Uquid has announced that the Uquid Shop is now live and accepting cryptocurrencies such as BCH for payments. As BCH stays in green, Uquid is one of the latest cross-border digital services platforms that support it. With a blockchain-friendly payment system, the platform is all about BCH support and was one of the three blockchain-based companies to be selected by TechCrunch back in 2017.
Uquid Shop – The world's biggest digital shop for crypto ready to live with 30,000 products discount up to 60%. Let's find out why we added #BitcoinCash here https://t.co/ToatqjITzu pic.twitter.com/8zj4e8exJb
— UQUID (@uquidcard) May 28, 2020
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