BCH/USD daily chart

BCH/USD daily chart

Gate Trade BCH Tuesday, May 26, 2020 1001 0

The bulls will once again attempt to propel the 5th-ranked cryptocurrency on CoinMarketCap above the moving averages. If successful, a move to $255.46 is possible.

A break out of this level can result in a rally to $280.47, which is likely to act as a strong resistance.

On the other hand, if the BCH/USD pair again turns down from the moving averages, it will increase the possibility of a fall to $217.55.