Tuesday saw a 5% increase in bitcoin cash as bulls continued to build on their gains from last week’s pullback. For the second straight session, the coin saw gains, getting closer to the $225 barrier level in the process. BNB also increased, aiming for its own $220 ceiling.
Cash for Bitcoin (BCH)
In today’s session, Bitcoin Cash (BCH) saw significant gains as the cryptocurrency increased for a second day in a row.
The week began with a low of $206.86, and earlier in the session today, BCH/USD reached a top of $213.89.During the advance, bitcoin cash approached $225, a barrier level that was last attained on September 18.
According to the chart, the change occurred when the 10-day (red) and 25-day (blue) moving averages were still above each other.Furthermore, the relative strength index (RSI) is currently tracking at 54.50 after breaking through a ceiling at 52.00.
Bulls appear to be aiming for a resistance level at 60.00 at this time; if they succeed, BCH will almost certainly surpass $225.
Another significant mover on Tuesday was BNB, formerly known as Binance Coin, which increased for a back-back session.
BNB/USD began the week at a low of $208.02 and hit a high of $213.19 earlier in the day.In general, it appears that the native token of cryptocurrency exchange Binance is now advocating for a $220 cap.
Bulls in BNB will need to overcome an impending resistance level on the RSI indicator of 47.00 in order to get there.
BNB is now trading slightly lower at $211.74, with a reading of 44.41 as of this writing.
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