BCH Climbs Toward $638 as Price Holds Firm Between $517 Support and $535 Resistance

• After increasing by 3.2, BCH is changing around $534.45 and is supported by $517.50 and resisted by $535.82.
• The short-term recovery has seen Price move through the major Fibonacci levels with the $0.382, $0.5 and $0.618 levels being passed.
• The 0.006152 BTC valuation of BCH is growing by 3.3% which adds to the recent action and the chart shows a short-term goal at around $638.

In the recent trading session, Bitcoin Cash improved, and it is progressing towards the short-term goal identified on the chart at around $638. It traded at an approximate of $534.45 which represents 3.2% growth and the trading activity was within the range of 517.50 and $535.82 in the day. The chart showed an obvious move in upward direction, by overcoming Fibonacci levels of $0.382 and 0.5 retracement.

Meanwhile, the 0.006152 BTC valuation rose by 3.3%, adding structure to the broader movement. These combined elements shaped the visible short-term pattern and highlighted the technical levels that continued guiding market focus.

Price Tracks Above Key Support Levels

The asset was in a position of the above $517.50 level of support that coincided with the bottom Fibonacci area in the chart. The price action responded well around the $0.382 retraced and exhibited a gradual upward trend to the mid-range levels. The market however remained within narrow parameters with activity closing in on the $535.82 resistance line.

This structure created a clear progression that connected directly to the earlier recovery from the lower trendline. The chart also showed a rising slope beneath the most recent candles, which helped outline the short-term trajectory.

Resistance Levels Shape Near-Term Movement

The price moved through several Fibonacci levels on its way back toward the range top. Notably, the candles pushed above the 0.618 area before slowing near the upper boundary. The $535.82 resistance remained the closest barrier, and price hovered just under this level during the latest session.

Additionally, the chart displayed the extended Fibonacci extension target at $638, which marked the upper reference for the ongoing move. This alignment placed emphasis on how the asset behaved around the resistance cluster that defined the current phase.

Market Structure and Possible Path Ahead

The rise toward the upper range occurred alongside increased trading activity shown on the lower volume bars. Several higher volume spikes aligned with the candle movements near the mid-range Fibonacci levels.

This pattern linked directly to the recovery visible on the hourly chart. The BTC pair also contributed to the structure, as the 0.006152 BTC value held its daily increase without notable fluctuations. The combination of USD strength and BTC stability created a consistent environment, and the movement toward higher retracement levels remained closely monitored as trading unfolded.