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VeChain, Crypto.com, Bitcoin Cash Price Analysis: 23 August – AMBCrypto English

Bitcoin as an asset performed well under unforeseen market conditions. Most cryptos followed Bitcoin’s trend but not at the same pace. Bitcoin Cash spent months dithering before surging in late July to make up for its losses in March. VeChain, last month, saw wild returns before settling down to gather steam. Crypto.com had been marching to new highs and looked to have been temporarily stalled.

Bitcoin Cash [BCH]

VeChain, Crypto.com, Bitcoin Cash Price Analysis: 23 August

Source: BCH/USD on TradingView

Bitcoin Cash was ranked 6, and remained the largest Bitcoin fork, with a marketcap of $5.24 billion. Priced at $284.2 at press time, BCH was trading near resistance at $288. It had reached a local high of $326 and faced rejection at resistance.

At press time, RSI value showed 41, indicated bearishness. RSI failure to break above neutral 50 showed further downtrend is in store for the coin.

Greyscale’s Bitcoin Cash Trust [BCHG] has gone public but recently showed that premium on Bitcoin Cash was falling, indicating a lack of demand.

VeChain [VET]