The latest evening report from Coin World: BCH Bitcoin Cash price reaches $515 per coin, with a daily increase of 3.54%.

BOSS Wallet data source, Bitcoin Cash BCH today's market news, BCH Bitcoin Cash latest price: $515, 24-hour fall-0.62%, volume$13.4 billion

From the Candlestick Chart, it can be seen that it is currently in a downtrend. Compared to the significant pump at 11:00, it has rebounded slightly compared to 08:00 but has declined compared to 05:00. The price rises but the volume decreases, usually indicating that the pump momentum of the market is weakening and the number of buyers is decreasing. This volume-price divergence may be due to insufficient selling pressure. In this case, the future price may pullback or consolidate sideways. Due to lack of volume support, the price pump may be difficult to sustain, and investors should be alert to the risk of a pullback at high levels. It is suggested to follow if the volume can keep up with the price pump, and if there are new buyers entering. If the volume decreases and the price rises, the pump momentum weakens. The Williams indicator shows that there is currently no Overbought and Oversold. Recently, the volume has decreased, with volume decreasing compared to the previous few hours, the price rises, and the volume drops: the pump momentum weakens.

The upward momentum is weakening. It is recommended to wait and see, follow the volume and new buying orders, and guard against the risk of price decline.

The above content is for reference only and does not constitute investment advice.