BCH Price Plummets Through Lower Bollinger Band

BCH is facing significant selling pressure as it bleeds through its lower Bollinger Band at $205.60 on anaemic volume and dominant taker selling.

The derivatives complex confirms a bearish bias, with every single moving average sitting above the current price, including the 7-day, 20-day, 50-day, and distant 200-day at $369.

The momentum has stalled but not reversed, with the MACD flatlining exactly at the signal line and zero histogram divergence indicating momentum exhaustion, not reversal.

Despite extreme oversold conditions, BCH's price action suggests a dead-cat bounce may be imminent, rather than a durable floor.