Bitcoin Cash Surges 26.7% in 14 Days, Nears $500 Mark

Bitcoin Cash (BCH) has been exhibiting bullish signals, with its price surging by over 26.7% in the past 14 days. In the last seven days alone, BCH has increased by 17.4%, briefly crossing the $500 mark before closing slightly below it. As of the latest update, BCH is trading at $489.86, just 2% below the key psychological resistance level of $500.

BCH has outperformed broader market expectations this quarter, jumping 62.1% since April. The coin posted a 20.9% gain in April and a 13.3% return in May, and is already up 18.5% in June. Yesterday, BCH touched $500 for the first time since January 17, but failed to hold above it by market close. However, the 24-hour trading volume spiked by 6.3%, driven by increased institutional interest and overall crypto market volatility. Between 13:00 and 14:00, the market saw a surge of 152,000 BCH in trades—over 5x the average hourly volume, pushing daily volume to $645.6 million.

Technical charts indicate multiple breakout attempts above $500 in the past 24 hours. Although BCH hasn’t closed above the mark, it currently sits 2.06% below the resistance and 4.02% above the 100-hour SMA at $470.90. Analysis suggests that a solid close above $500 could drive BCH to $505 or even $520, unlocking further upside momentum.

The Relative Strength Index (RSI) on the daily chart is at 68.64, indicating that there is still room for further gains before reaching overbought levels. Meanwhile, the MACD (Moving Average Convergence Divergence) has flipped bullish—another strong signal of potential upward continuation.

With strong technicals, surging volumes, and renewed institutional interest, Bitcoin Cash is poised for a major move. If it successfully flips the $500 resistance into support, it could open the door to $520 and beyond. The recent rally in Bitcoin Cash has also been fueled by social media hype. As the price began to recover, mentions of Bitcoin Cash surged on various platforms, pushing it to a new peak for 2025. This social media-driven momentum has helped to sustain the upward trend, as more investors take notice of the cryptocurrency's potential.

The price of Bitcoin Cash has shown signs of institutional interest due to its scaling simplicity and fast settlement times. At the time of reporting, the price of Bitcoin Cash stands at a level that suggests continued interest from institutional investors. The cryptocurrency has started a major increase above the $475 resistance level and is currently consolidating, with the potential to aim for more gains above the $500 resistance.

The recent surge in Bitcoin Cash's price has been characterized by a stabilization above key resistance levels. The price began rising beyond $480, and it is currently above this level and the 100-hour simple moving average. This stabilization suggests that the cryptocurrency may rise over the $500 barrier in the near future, as investors continue to show interest in its potential. The bullish trend in Bitcoin Cash is further supported by technical indicators. On the four-hour chart, Bitcoin Cash is showing a strong short-term trend, with the 50-day moving average rising. This technical analysis suggests that the cryptocurrency may continue to experience gains in the near future, as investors remain bullish on its potential.