The latest evening report from Gate.io: BCH Bitcoin Cash price reached $513.8 per coin, with a daily increase of 3.05%.

BOSS Wallet data source, real-time price of Bitcoin Cash BCH, BCH Bitcoin Cash latest price today reached $513.8, an increase of up to 3.05%, volume$13.31 billion

After analyzing the Candlestick Chart, the current trend is a downward trend compared to a significant pump at 11:00, but it has rebounded compared to 08:00 and declined compared to 05:00. The price is rising, but the volume is decreasing, which usually means that the pumping momentum in the market is weakening and the number of buyers is decreasing. This volume-price divergence may be due to insufficient selling pressure. In this case, the future price may pullback or consolidate sideways. Due to lack of volume support, the price pump may be difficult to sustain, and investors should be alert to the risk of a pullback at high levels. It is suggested to follow whether the volume can keep up with the price pump, and whether there are new buying orders involved. The volume decreases as the price rises. According to the Williams indicator, there is currently no Overbought and Oversold situation. Recently, the volume has decreased, and the volume is lower than a few hours ago, while the price continues to rise. The pump momentum weakens.

The market's upward momentum is weakening. It is recommended to wait and see, follow the volume and the situation of new buying.

The above content is for reference only and does not constitute investment advice.