BCH currently faces notable selling pressure around the $740 level. This price zone appears to be a significant resistance point where accumulated sell orders are concentrated, potentially limiting upward movement in the near term. Traders should monitor this level closely for any breakouts or sustained pressure.
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ShadowStaker
· 01-11 14:57
$740 ceiling feels like textbook resistance honestly... but ngl the sell order clustering there screams either capitulation or someone's just stacking ammo. hard to tell which without looking at on-chain validator dynamics tbh
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GasBandit
· 01-11 14:56
Holding firmly at position 740, the sell orders are stacked high... It's a bit frustrating that we can't break through this barrier.
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ImpermanentPhobia
· 01-11 14:49
The 740 level is really holding strong; it seems like breaking through will require waiting a bit longer.
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GetRichLeek
· 01-11 14:41
740, the key position got stuck again. I thought it was going to break through based on on-chain data earlier, but the whales started dumping again. Really a huge loss.
BCH currently faces notable selling pressure around the $740 level. This price zone appears to be a significant resistance point where accumulated sell orders are concentrated, potentially limiting upward movement in the near term. Traders should monitor this level closely for any breakouts or sustained pressure.