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.
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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.
B&N
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.
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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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