Market Overview: Bitcoin Cash (BCHUSD) – 24-Hour Technical Summary

• Bitcoin Cash (BCHUSD) dropped 3.2% over 24 hours, breaking below key psychological support at $550.
• Momentum weakened as RSI dipped below 30, suggesting oversold conditions with potential for a short-term bounce.
• Volume and turnover remained muted, with no clear signs of accumulation or dumping pressure.
• A bearish engulfing pattern formed after a sharp 15-minute decline from $571 to $557.
• Volatility dipped as Bollinger Bands tightened before a break below the lower band late in the session.

At 12:00 ET on August 26, 2025, Bitcoin Cash (BCHUSD) opened at $571, touched a high of $571, and closed at $534 at 12:00 ET the following day. The 24-hour low came at $534. Total volume was 1.495 BCH, with turnover at $833.8.

Structure & Formations

Price action revealed a bearish engulfing pattern during the early evening ET session as a large bearish candle engulfed the prior bullish body. No significant bullish reversal patterns emerged over the 24 hours, but the drop to $534 marked a new low and a potential near-term support.

Moving Averages

On the 15-minute chart, price closed below both the 20-period and 50-period moving averages, reinforcing the downward bias. On the daily chart, the 50-period MA appears to be acting as a weak resistance near $560, while the 200-period MA remains a key long-term reference point.

MACD & RSI

The MACD remained negative throughout the session, with the histogram showing a slight narrowing toward the end, suggesting weakening bearish momentum. RSI dropped to 29 by the end of the 24-hour window, hinting at potential short-term oversold conditions and a possible bounce.

Bollinger Bands

Volatility was subdued for much of the day, with price consolidating within a narrow Bollinger band. However, late in the session, a sharp move broke below the lower band, indicating a possible continuation of the bearish trend.

Volume & Turnover

Volume was generally weak throughout the session, with only a few spikes around key price breaks. The total volume of 1.495 BCH and turnover of $833.8 was relatively light for a 24-hour window. No significant divergence was observed between price and volume, suggesting a lack of strong buyer or seller participation.

Fibonacci Retracements

On the 15-minute chart, the pullback from $571 to $534 suggests a 61.8% retracement level is now near $534, making it a potential near-term support. On the daily chart, the 61.8% retracement level for the broader move remains key to monitor for any signs of a potential reversal or continuation.

Bitcoin Cash appears to be in a short-term bearish consolidation phase with oversold RSI suggesting potential for a small rebound. However, without a significant volume spike or bullish reversal pattern, the bias may remain bearish. Investors should monitor the $534 level for signs of support and be cautious of further downside if volume increases.