According to ChainCatcher, citing CoinDesk, the price of Bitcoin Cash (BCH) has broken through $580, with a 24-hour increase of 5.25%, a weekly increase of 10.5%, and a monthly increase of 17.3%. Analysts point out that BCH has broken through a long-term resistance level, and if it maintains the current trend, it may further rise to the $620-680 range.
Technical analysis shows that BCH has formed support zones at $556-558 and $568-570, with short-term resistance near $585. Trading volume significantly increased on July 27, reaching a daily peak of 120,748 units, indicating active market buying.
