BCH drops sharply amid bearish signals from MACD and ADX: weekly review

Traders Union
All News
Crypto
Bitcoin Cash drops 25.05% this week

Highlights

Bitcoin Cash remains decisively bearish, trading well below all major weekly moving averages, confirming sustained selling pressure.
All key momentum indicators point to strong downward momentum, with the asset in oversold territory and sellers firmly in control.
Next week's expected range is $239.50 to $273.90; odds of a sustained rebound remain below 20% unless $274 is exceeded.

Bearish momentum entrenched as volatility and oversold signals intensify

Weekly technical signals are strongly bearish, with the MACD and ADX confirming negative momentum and pronounced selling dominance. Oscillators such as RSI, Stochastic RSI, and CCI are all in oversold territory, while the Awesome Oscillator further confirms the downtrend. BCH now sits near the bottom of its recent weekly range, with volatility remaining elevated at 30.44%. Dynamic resistance is stacked above at MA-20 and MA-50, capping any upward moves.

Consolidation favored next week as bullish reversal remains unlikely

Looking ahead over the next 7 days, BCH is expected to trade between $239.50 and $273.90. The baseline scenario sees ongoing consolidation within this range, as sellers maintain control and none of the four main weekly indicators suggest a buying opportunity. There is less than a 20% probability for a significant rebound; a sustained break above $274 could trigger a bullish reversal, but this remains unlikely. Conversely, if BCH falls below $239, further downside and the risk of new lows are possible if bearish momentum persists.

Jainam Mehta, market strategist, notes Bitcoin Cash saw a sharp weekly decline, breaking well below all key moving averages and reinforcing a strong bearish macro-technical setup. He sees persistent negative momentum, with all major oscillators oversold and dynamic resistance capping any bounce attempts. The analyst expects price action to consolidate between $239.50 and $273.90 in the coming week, with sellers maintaining control unless a clear breakout above $274 occurs. "There’s no tactical long setup until we see positive momentum or a sustained reclaim of resistance — for now, I’m on watch for fresh lows if $239 gives way."

Earlier, analysts noted that Bitcoin Cash was entrenched in a persistent bearish trend, with sellers maintaining clear control across all timeframes. The latest technical signals confirm that downward momentum remains dominant, making a sustained break below $239 a critical downside risk for the week ahead.

Source of Data: BCH Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.