Support Levels: $140, $130, $120
Resistance Level: $145
- As of yesterday’s predictions, Bitcoin Cash ABC price broke the key support at $150 and went below this range.
- A new resistance at $145 is creating a bearish trend line on the 1-hour chart.
- BCHABC will likely fall below $140 if the selling pressure keeps increasing.
Bitcoin Cash ABC price fell below the $150 support level due to the selling pressure and may now test the next support at $120.
Bitcoin Cash ABC Price Analysis
As of yesterday’s predictions, Bitcoin Cash ABC price broke $150 support level and is trading below $145 with a resistance set around $145 and $150. BCHABC is currently trading at a yearly low of $142 (at the time of publishing) according to CoinGecko Charts and may extend losses below $130 to test the next support level of $120.
The daily charts of BCHABC predict that BCHABC price is currently under massive selling pressure. The price will fall further breaking the small support levels at $140 and $130 to test the major support at $120.