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Bitcoin Cash maintained its bullish bias on the higher timeframes with the possibility of another rally on the horizon.

Cryptocurrencies are more than just price action, market capitalization, and tokenomics. Such innovative technology, moving a trillion-dollar market, is actually meant to be used by people, in order to solve real-world problems.

Bitcoin cash price started a fresh decline below the $200 zone against the US Dollar. The price is now trading near the $192 zone and the 55 simple moving average (4 hours).

This week, a 1,500% spike in large transactions has sent the BCH price into the recovery zone according to the daily RSI signal. Can larger investors drive the BCH price toward reclaiming $250 in the coming weeks?

Maintaining a consolidation phase for the past week, the BCH coin price ignores the market-wide selling storm. Bitcoin Cash showcases solid holders' confidence thanks to the crucial support of the 200-day EMA and the 61.80% Fibonacci level at $180.

In the ever-evolving landscape of the cryptocurrency market, Bitcoin Cash (BCH) has encountered a turbulent journey of late, experiencing both peaks and valleys in its valuation. This digital currency, commonly referred to as BCH, surged to new heights earlier this year, only to face a subsequent downturn that brought it perilously close to the pivotal $150 support level.

The Bitcoin Cash (BCH) price has fallen since its yearly high in June. It has nearly reached the $150 horizontal support area.

Bitcoin Cash recovery hangs in the balance as bearish pressure persist in the futures market.

The company behind the most valuable stablecoin in terms of market capitalization, Tether, has formally stopped supporting three separate blockchains. The stablecoin issuer halted minting USDT on Kusama (KSM), the Simple Ledger Protocol of Bitcoin Cash (BCH), and Omni Layer (OMNI) on Thursday.

Tether, the firm behind the largest stablecoin by market cap, has officially ended support for three different blockchains. On Thursday, the stablecoin issuer stopped minting USDT on Kusama (KSM), Bitcoin Cash's (BCH) Simple Ledger Protocol (SLP), and Omni Layer (OMNI).

With a market-wide FUD crashing altcoins, Bitcoin Cash price ends the consolidation range and falls under the 50-day EMA. Making two consecutive bearish candles, accounting for a 20% drop in BCH price, the breakdown rally tests the 200-day EMA. At the confluence of the 200-day EMA and the 61.

Tether has announced a strategic transition that will see the company withdraw support for USDT issued on Omni, Kusama, and Bitcoin Cash's Simple Ledger Protocol (SLP).

Tether, a prominent stablecoin issuer, has announced its decision to discontinue USDT blockchain support for Bitcoin, Kusama, and Bitcoin Cash, citing a meticulous evaluation of factors encompassing security, compliance, and customer support.

Tether ceases support for Kusama, Bitcoin Cash SLP, and Omni Layer due to evolving crypto needs. The move follows Q2 earnings surpassing $1 billion.

Bitcoin cash price started a fresh decline below the $220 zone against the US Dollar. The price is now trading below the $200 zone and the 55 simple moving average (4 hours).

Tether, the largest stablecoin issuer, announced it would stop supporting several smaller blockchain protocols over the coming year. This move reflects Tether's migration toward larger networks like Ethereum and Tron. Specifically, Tether will cease issuing and interacting with the dollar-pegged USDT token on Omni, Kusama, and Bitcoin Cash by August 17th, 2022.

Tether, the stablecoin issuer, is set to halt its support for USDT on the Bitcoin, Kusama, and Bitcoin Cash platforms following a strategic evaluation of blockchain usage and efficiency

Effective immediately, Tether will halt minting USDT on Omni, Kusama, and BCH-SLP layers

Tether (CRYPTO: USDT) Thursday announced that it will discontinue its support for USDT on the Bitcoin (CRYPTO: BTC), Kusama (CRYPTO: KSM), and Bitcoin Cash (CRYPTO: BCH) blockchains. What Happened: The stablecoin issuer evaluated the current transport layers and determined their relevance in the blockchain ecosystem.

With the Bitcoin Cash network's May 15 Cashtokens upgrade now three months behind us, bustling development in non-custodial wallets, marketplaces, non-fungible tokens (NFTs), games, and other applications continues unabated.

Instead of trading the chop in the middle of the range, a more consistent trade would be to look to short the range highs at the psychological $250 resistance

Bitcoin Cash (BCH) bulls have prevented a significant price drop below the $230 support level over the past week. On-chain data provides insights into potential price movements to anticipate if the BCH bears eventually seize control.

Bitcoin cash price started a fresh decline below the $250 zone against the US Dollar. The price is now trading below the $240 zone and the 55 simple moving average (4 hours).

Bitcoin Cash price action shows a falling channel pattern after facing extensive selling pressure above $300. The falling trend takes support at the 50-day EMA and the 23.60% Fibonacci level accounting for a drop to $220. However, the correction phase is part of a bullish flag pattern following the 200% jump in late June.