The crypto market has been on an impressive rebound over the past month, and while there has been frequent volatility, some altcoins have shown great resilience in maintaining high levels and created new all-time highs. BCHA is among the outstanding cryptocurrencies that have created new all-time highs during the ongoing crypto bull run.
BCHA is trading at $275.49 at the time of writing after a 39.7% gain in 24 hours.
BCHA Price Analysis
BCHA is one of the leading gainers in the crypto market during the past 24 hours. The gains made in the past 24 hours have enabled BCHA to create a new all-time high of $298. However, the coin was unable to maintain these levels and slumped to the current levels.
The bullish sentiment across the broader market is still strong, which means that BCHA could still make another uptrend towards the $298 all-time high. Currently, this is the major resistance level for the coin that could open up the rally beyond $300. However, the coin needs to break past the immediate levels of $282 for such a rally to be possible again.
On the other hand, BCHA’s uptrend could fail if market support weakens and if most coins across the broader maker enter the red zone. At this point, BCH will fall lower to retest the support of $272. Before the 24-hour upswing, BCHA was trading at lows of around $190; hence a correction could happen soon.
In mid-August, BCHA rebranded to eCash (XEC) to enable the coin to meet its objective as a cryptocurrency that can be used for payments on online platforms. The coin can be ranked as a top gainer in the past week, with its weekly gains standing at over 250%. The gains have also pushed the coin’s market cap to over $5 billion, making it the 34th largest cryptocurrency.
Where to Buy BCHA
If you want to buy BCHA, you can create a cryptocurrency exchange account on the below platforms:
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You can also buy BCHA from Binance. Binance is the largest cryptocurrency exchange platform. Binance supports a variety of cryptocurrencies and trading pairs. As the largest exchange, Binance offers high liquidity that makes it easy to trade on the platform.
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