The market continued to note some bullishness even today, with a short- term cooldown visible for some digital assets.
Bitcoin Cash investors enjoyed good returns, while Cosmos and Zcash displayed bearish setups for the day as lower buy volumes and selling pressures affected their rallies.
Bitcoin Cash [BCH]
Bitcoin Cash witnessed a price surge by almost 4% in the last 24 hours, indicating the market momentum strongly sided with the bulls. The prices further rose to $274.23 at the time of writing.
The moving averages bullish crossover, with 20 SMA (cyan) above the 50 SMA (yellow), signaled a strong presence of a buying sentiment in the BCH market.
Aroon indicator was also bullish, with Aroon Up (orange) seen rising above Aroon Down (blue).
Cosmos faced stiff overhead resistance from the $5.55 level as prices were pushed down further over the last 48 hours. The price of the digital asset during the day ranged between its immediate support