BCH Stuck in Neutral: Will it Test $200 or Break Out?

BCH is stuck in neutral at $214, unable to break free from its stagnant price action.

The cryptocurrency's trading volume on Binance has barely exceeded $4.75 million over the past 24 hours, a sign that momentum is lacking.

CoinMarketCap AI has noted that BCH's trajectory hinges on whether its technical upgrades lead to real adoption, but so far, there's been no significant movement in this area.

The charts are telling a story of bearish acceleration, with the MACD histogram sitting at dead zero and RSI at 43.61, indicating a lack of buyer momentum.