Bitcoin Cash trades near $240.95 as tradersunion.com notes overbought signals
Bitcoin Cash (BCH)
Editor:
Eugene Serbin
tradersunion.com reported that Bitcoin Cash (BCH) rose 8.24% to trade at $235.2 on 17 September 2026. The asset sits above its short-term moving averages but remains below the long-term MA-200 at $321.36. Technical indicators show mixed signals, with the RSI near 67 suggesting overbought conditions.
Immediate support is identified at the Ichimoku Kijun level of $220.55. Analysts project a volatility band between $211.4 and $240.95 for the next two to three trading days. There is a 70% probability of an upward breakout above $240.95.
Conversely, a 30% chance exists for a break below $220.55 leading to deeper correction. Stalled U.S. crypto regulation is cited as a cause for heightened market volatility. Traders are advised to monitor the $240.95 threshold as a potential trigger for the next major move.
How the market reacted
Whalio's own Binance spot order flow for BCH, measured when this story was written up on 17 September 2026. Not the outlet's figures.
Whalio spot data shows BCH trading at $221.20 with a 1-hour buy ratio of 34.8% against a 4-hour ratio of 57.3%. The 1-hour volume delta is negative at -$230,619, indicating recent selling pressure, while the 4-hour delta is positive at +$1,046,817. Over 24 hours, the buy ratio is 52.4% with a positive volume delta of +$341,811. The cumulative volume delta for the day closed at +$1,684,486. This suggests that while short-term selling has emerged, longer-term buying pressure remains intact. The buy ratio indicates the proportion of trades executed by buyers versus sellers.
The latest daily buy ratio of 52.0% sits at the 60th percentile of the last 324 days, against a median of 50.8% - ordinary for this coin.
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 43.4%, making today's 24-hour ratio of 52.4% an unusual day with 9.0 points higher buying interest. Weekly volume was only 0.50x the average, indicating significantly lower trading activity compared to normal days. The coin experienced a 12.2% price drop over eight days with a total volume delta of -$10,015,920. Only one day out of seven saw net buying during this period. This recent performance contrasts with the current day's relative buying strength despite lower overall volume.