Bitcoin Cash holds near $317 as weekly forecast assesses support levels
Bitcoin Cash (BCH)
Editor:
Eugene Serbin
tradersunion.com reports that Bitcoin Cash (BCH) is holding near $317 after a 7% slide over the past week. Buyers are working to steady the pullback as losses remain contained above key support. The daily chart shows a sustained move lower with a firm trend and volatility of 15.25%.
Momentum signals are mixed, with Stochastic RSI deep in oversold territory at 11.65. MACD indicates continued strength while the nearest support is the 200-day moving average at $310.01. The Ichimoku Kijun sits at $289.6, providing additional underpinning below the moving average.
Resistance aligns with last week’s high at $347.7, suggesting potential for a technical rebound if momentum turns. The forecast expects BCH to trade between $292.75 and $341.44 over the coming week. There is a 67% probability of an increase and a 33% chance of further decline.
A break above $347.7 would open the possibility for a stronger recovery. Analysts noted that improving long-term momentum in the broader market could support durable uptrends. Traders are watching $310.01 closely as a sustained move below could signal broader downside.
How the market reacted
Whalio's own Binance spot order flow for BCH, measured when this story was written up on 2 October 2026. Not the outlet's figures.
BCH is trading at $309.30, sitting just below the critical $310.01 support level. The 1-hour buy ratio is 47.7%, indicating slightly more selling than buying in the short term. However, the 4-hour buy ratio rises to 54.0%, showing that buying pressure is building over a longer timeframe. The 24-hour buy ratio is 48.6%, suggesting a near-even split in trading activity over the day. Volume delta reflects this divergence, with a negative $33,619 in the last hour but a positive $151,191 over four hours. This means that while recent trades have been slightly bearish, the broader intraday trend has been net buying. Cumulative Volume Delta closed at +$2,194,415, confirming that buyers have dominated the session overall. Spot volume reached $10,589,205 with 84,520 trades executed in 24 hours.
The latest daily buy ratio of 54.1% sits at the 75th percentile of the last 322 days, against a median of 50.8% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for BCH, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.7%, making the current 24-hour reading of 48.6% slightly below the weekly norm. The latest day’s buy ratio was 1.2 points lower than the weekly average, indicating a marginal shift toward selling. Volume was 0.46x the average, showing that trading activity was significantly lighter than usual. Price dropped 8.7% over eight days, with a total volume delta of +$1,045,261. Net buying occurred on 5 of the 7 days, suggesting that despite the price decline, buyers have been active for most of the week. This week shows lower volume and a slight dip in buy ratio compared to the weekly average, marking a quieter but still buyer-supported period.