Bitcoin Cash, Chainlink, Polygon Price Analysis: 24 October
While the cryptocurrency market has not flashed high volatility, some altcoins displayed signs of retracement.
Bitcoin Cash assumed a downtrend in the near term, while Chainlink and Polygon hit their weekly highs and started to show bearish tendencies.
TradingView, BCH/USD
The altcoin traded at $624.70 and registered a 24-hour decrease of nearly 2%. Over the past month, BCH Bulls showed their vigor as the price oscillated in an ascending triangle pattern with higher highs, as depicted by the trendlines.
However, key technicals favored the sellers in the near term. Unless the bulls can sustain the ascending pattern, the price seemed to consolidate below its immediate resistance point that stood at $653.31.
The Relative Strength Index (RSI) w
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