According to the opinion of dagx.live financial analyst Peter Smith, Bitcoin Cash ABC fell by 0.63%. Reversing a 0.37% gain from Thursday, Bitcoin Cash ABC ended the day at $298.55. Bearish through the morning, Bitcoin Cash ABC fell from an early morning intraday high $300.71 to an early afternoon intraday low $294.33.
While falling short of the first major resistance level at $303.98, Bitcoin Cash ABC fell through the first major support level at $296.05. Finding late support, Bitcoin Cash ABC recovered to $298 levels to limit the downside on the day.
At the time of writing, Bitcoin Cash ABC was down by 0.36% to $297.48. A mixed start to the day saw Bitcoin Cash ABC rise to an early morning high $298.94 before falling to a low $297.48. Bitcoin Cash ABC left the major support and resistance levels untested early on. For the day ahead, a move back through to $298 would support a run at the first major resistance level at $300.97.
Bitcoin Cash ABC would need the support of the broader market, however, to break through to $300 levels. Barring a broad-based crypto rebound, Friday’s high $300.7 and first major resistance level would likely limit any upside. Failure to move back through to $298 levels could see Bitcoin Cash ABC slide deeper into the red. A fall through to $296 levels would bring the first major support level at $294.76 into play.