At the moment, the virtual currency market is holding a very important support, with bullish moves recorded by BTC. Conversely, there are a number of other coins that recorded certain bearish moves in the past couple of hours. They included Stellar – XLM, Bitcoin Cash, Ethereum, Tron, Ripple, EOS and ADA.
The Current Price Analysis For Bitcoin Cash
The price of Bitcoin Cash has remained stable above the support levels of $380 and $385 against the US Dollar. The pair of Bitcoin Cash and US Dollar was even able to break a major resistance area before making a stride into a positive zone.
Breaking the $400 resistance zone even created opportunities for more gains and the price is now moving towards the $410 price area. The price is expected to rise in the coming times if there is an upside break that is right above $410.
However, it is also very important to note that the $400 price level may even act as a support and stop some losses that may occur in the next seasons.