Technical analysis by ImmaculateTony about Symbol BCH: Buy recommendation (7/28/2024)

The 1-month rating indicates a buy signal for Bitcoin Cash. The cryptocurrency is currently trading above the support level of $352.13, with the target level around $716 ish. Bitcoin Cash, a fork of Bitcoin, was created to increase block size and facilitate the processing of more transactions simultaneously. However, it largely mirrors the core concept of Bitcoin without introducing the changes.