Bitcoin Cash News: BCH Powers Its Way to $491.80 After Surging Past $487 Resistance

Bitcoin Cash (BCH) experienced a significant surge during the European trading session, driven by buying activity that lifted volume 78% above the 24-hour average. This sustained buying pressure propelled BCH past the $487 resistance, resulting in a 3.3% gain to reach $491.80. The price action established higher lows at $462.67, $474.27, and $479.03, indicating an ascending trend. Although the price briefly touched a session high of $495.30 before pulling back, buyers quickly absorbed the dip, maintaining upward momentum. Key support levels are identified at $490, $487 (the breakout zone), and $479.03, while resistance remains near $495. Technical analysis suggests that maintaining the $487 level is crucial to preserving the bullish structure, with an immediate upside target set at $495.30 and potential breakout above $500.00.

(Source：CoinDesk)