Bitcoin Cash News; Expecting to climb above $645 to start a rally, Bitcoin Cash had to withstand selling pressure ahead. MATIC, on the other hand, offers key levels that must be taken again to trigger a 30% increase in graphics.
Bitcoin Cash (BCH) price analysis
A key area to recover for Bitcoin Cash’s bulls is just above the overhead resistance of $645. The ceiling coincided with BCH’s 50-SMA (yellow) on the 4-hour chart and 200-SMA (green) on the hourly chart. The SuperTrend Indicator has placed a stop-loss in this zone and will go from buy to sell on a breakout.
However, a breakout is not yet imminent, as momentum is bearish neutral and trading volumes are low across exchanges, according to Awesome Oscillator. In case of another bearish, the $460 support will likely counter the threat of further selling.
Polygon (MATIC) price analysis
MATIC’s critical area is just above the $1.51 resistance. This zone records a confluence between the 50-SMA (yellow), 200-SMA (green) and the upper trendline of the descending triangle. According to the model, MATIC is expected to face selling pressure at $1.46, but a move above these levels could open the doors for a 30% price increase. This move could push MATIC towards the $2 mark.
Conversely, a break below the lower trendline could extend losses as high as $0.96. There is some bearish momentum on the Awesome Oscillator and the bulls need to defend the lower trendline for a breakout. The ADX of 38 showed a strong trend for sharper price swings.