Technical analysis by MadWhale about Symbol BCH: Buy recommendation (8/11/2025)

Hello✌️ Let’s analyze Bitcoin Cash’s price action both technically and fundamentally 📈. 🔍Fundamental analysis: 1. USDT Exit from BCH Tether (USDT) will stop redemptions on Bitcoin Cash (BCH) by Sept 1, 2025, freezing all tokens left on that chain. This could cut liquidity and push BCH under $509 if selling grows. 📉 2. Whale Activity Drop Big BCH transfers ($100k+) fell sharply this month, thinning liquidity and adding downside risk. Still, 85% of holders are in profit, hinting at strong hands. 🐋 3. Payment Adoption vs. Competition BCH’s fast and cheap payments win merchants, but rivals like Arbitrum and Solana are faster. The Velma upgrade aims to help BCH scale and stay competitive. ⚡ 📊Technical analysis: BCHUSDT is currently facing some headwinds on the fundamental front due to recent news. However, from a technical standpoint, it ranks among the most promising setups in the top 20 coins. BCH is trading inside a strong bullish daily channel 📈, supported by a solid monthly trendline and a key daily support level. These technical factors suggest a potential upside of at least 10% from current levels, with a target near 650 🚀. ✨We put love into every post! Your support inspires us 💛 Drop a comment we’d love to hear from you! Thanks, Mad Whale