BCH’s Relative Strength Index (RSI) is currently at 59.64 and trending upward, signaling strengthening bullish momentum.
The RSI, which ranges from 0 to 100, helps gauge overbought and oversold conditions in the market.
Readings above 70 typically indicate an overbought asset that could face a correction, while values below 30 point to oversold conditions and potential for a rebound.
With BCH’s RSI still comfortably below the overbought threshold, the ongoing uptrend—coupled with improving market sentiment—suggests that the asset may have room for further upside in the near term.
The RSI, which ranges from 0 to 100, helps gauge overbought and oversold conditions in the market.
Readings above 70 typically indicate an overbought asset that could face a correction, while values below 30 point to oversold conditions and potential for a rebound.
With BCH’s RSI still comfortably below the overbought threshold, the ongoing uptrend—coupled with improving market sentiment—suggests that the asset may have room for further upside in the near term.
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Truly Unbiased Cryptocurrency News beincrypto.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.