Bitcoin Cash (BCH) maintained a stable position near $592.62, marking a 2.1% daily gain, as net buying activity increased despite limited price movement. The cryptocurrency traded within a narrow range of $575.08 to $594.66, indicating controlled volatility and a steady intraday structure. Buyers pushed prices towards the $594.66 resistance level, but sellers kept the price action contained, preventing a breakout.
Despite the restrained price movement, data showed a rise in net buying interest, suggesting sustained demand for BCH. The asset also demonstrated relative strength against Bitcoin, gaining 2.4% to trade at 0.006722 BTC. The trading environment remained orderly, with volume patterns supporting the increase in net buying without triggering significant price shifts. This stability reflects a controlled market condition, with BCH consolidating near resistance while maintaining support above $575.08.
Bitcoin Cash Holds Steady Near $593 Amid Rising Net Buying Activity
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