- Bitcoin Cash rebounds from $580 low after rejecting $604 high amid rising intraday volume.
- RSI and MACD hint at a potential recovery after BCH dipped below key $580 support level.
- BCH price holds above EMA 9 and SMA 50, suggesting bullish trend remains technically intact.
Bitcoin Cash (BCH) stayed pretty stable on July 28, 2025, trading at $589.70 on OKX. The highest price for the asset in a day was $595.10, and the lowest price was $588.20. BCH keeps going up above short-term simple and exponential moving averages. The 50-day SMA is at $494.40 and the 9-day EMA is at $552.40.
The long-term downtrend of BCH, which started in November 2024, ended earlier this year. BCH made a V-shaped recovery from February to April 2025. The chart has shown a steady pattern of higher highs and higher lows since then, which means that the market is going up. A key dynamic support trendline has helped keep this structure in place, and the volume, which reached 4.27K BCH on the day, has also helped.
The price has tested the psychological barrier between $595 and $600, but it hasn’t broken through it yet. This is the most immediate level of resistance. If the price goes down, the horizontal support zone between $440 and $470, which used to be a resistance range, is now a strong demand area.
Price Action Shows Rejection at $605 With Strong Intraday Trading Volume
CoinMarketCap said that BCH was worth $583.99, which was a small daily gain of 0.14%. Price action showed that the market was unstable, with prices going up above $605 during the day and then quickly falling back below $585. The $605 level is now a strong resistance zone, and the $580–$582 range is immediate support.
The amount of BCH traded in the last 24 hours went up by 66.74% to $918.5 million. This made the volume-to-market cap ratio 7.9%. There is a lot of interest in the short term, but bullish attempts are still being held back by resistance near $600. If BCH stays above $580 and more people buy it, it might try to test $605 again. If the volume is high enough, it might even reach $640.
It could stay between $580 and $605 if it doesn’t break above resistance. The moving averages are currently at the $552–$560 support cluster. If the price drops below $580, it could go back there.
