Bitcoin Cash Dey Perform Pass for On-Chain Growth and Bullish Momentum Compared to Bitcoin
Bitcoin Cash (BCH) dey show strong resilience and bullish momentum, wey make e stand out for one volatile altcoin market plus plenty big macroeconomic pressures like renewed US-China trade wahala and rising US Treasury yields. For the past 30 days, BCH don gain 7%, e sharply rebound from major support at $391 and close above $418. E on-chain transaction rate don increase to 1.4 tx/s, wey mean say adoption and liquidity dey high. From Coinglass, big trading volume and derivatives data show long/short ratio be 1.24, with 55% of traders betting say price go increase. Even though April get the largest $2 million long liquidation, market confidence quickly return, and BCH don set new support at $409.80. Technical indicators dey show say still get upside potential, with some analysts dey target possible 30% rally go $547.50 if bullish momentum hold—if BCH still dey above critical support at $400. The $413-$413.5 area na key support level wey fit maintain positive sentiment. News like Disney+ partnering with Dapper Labs for Web3 digital collectibles fit boost sentiment for blockchain adoption. Meanwhile, Bitcoin (BTC) dey work on scalability using Layer 2 solutions like Bitcoin Hyper ($HYPER), but no suppose affect BCH independent rally for short term. Overall, BCH strong on-chain activity and renewed market optimism make am one top altcoin to watch for June, but technical caution dey advised if critical support levels lost.
Bullish
Di kombin news talk say trading volume dey mount, on-chain activity don increase, plus market sentiment strong for Bitcoin Cash (BCH), wey show say clear bullish momentum dey. BCH don bounce back from key support levels, e still get technical setups wey show say e fit go higher. Most derivatives traders dey bet say price go rise, and strong buy-side activity don support one steady uptrend since early spring. Even though technical indicators dey recommend caution if BCH drop under critical supports, increase adoption, positive derivatives positioning, and good macro blockchain sentiment put BCH as one top altcoin choice for June. Even though broader market volatility still be risk, short-term and maybe medium-term prospects for BCH dey optimistic based on market structure and trader behavior.