Bitcoin Cash Price Jumps 15%: Is This Just the Beginning of More Gains?

Bitcoin Cash (BCH) recently surged above $320 resistance, consolidating and potentially aiming for gains above $350. BCH price initiated a fresh increase, trading above $335 and the 100-hour simple moving average. A bullish flag pattern on the hourly chart indicates potential for further upward movement if $345 resistance is cleared. A clear break above $345 could lead to a rise towards $350 and eventually $380. Immediate resistance remains at $345. Failure to break above this resistance could result in a decline towards $335 or $328. Technical indicators suggest a bearish trend, with the MACD in the bearish zone and the RSI above 50. Key support levels are at $335 and $328, while key resistance levels are at $345 and $350.