Bitcoin cash rose to a one-week high in today’s session, despite crypto markets mostly trading lower. The global cryptocurrency market cap is down by 2.45% i skrivende stund, which comes as traders reacted to rising geopolitical tensions. Polkadot was a notable token to slip, as prices collided with a key support point.
Indhold
Bitcoin Cash (BCH)
Bitcoin cash (BCH) raced to a one-week high on Wednesday, despite cryptocurrency markets mostly trading lower.
Efter en lav af $103.09 på tirsdag, BCH/USD surged to an intraday peak of $109.09 tidligere på dagens session.
The move saw BCH hit its highest point since November 8, when the token was trading close to a high of $120.00.
As can be seen from the chart above, today’s high saw bitcoin cash move closer to a key resistance level of $110.00.
The 14-day relative strength index (RSI) also rose higher, with the index breaking out of a ceiling of its own.
I øjeblikket, indekset følger kl 46.52, which is above the aforementioned ceiling at 45.00.
Polka prik (DOT)
Polka prik (DOT) on the other hand was back in the red on Wednesday, snapping a two-day win streak in the process.
DOT/USD was down by as much as 5% in today’s session, falling to a low of $5.72.
Today’s drop saw the token move closer to its support level at $5.60, which has mostly been in place for the last week.
Ser på diagrammet, the RSI also dropped to a floor of its own, with the index colliding with its support at 41.00.
Should the index move below this point, we will likely see polkadot move towards $5.30, which would be a two-year low.
Traders will likely also be paying attention to the moving averages, as the indicator still looks positioned for further downward momentum.
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Billedkreditter: Shutterstock, Pixabay, Wiki Commons
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