Biggest Movers: WAVES Falls to 1-Month Low, BCH Over 10% Higher on Wednesday — Market Updates Bitcoin News

WAVES fell to a one-month low during Wednesday’s trading session as prices declined for the second straight session. This came as BCH rose more than 10% on the hump day, while hitting a five-day high. Overall, the cryptocurrency market is up 1.17% as of this writing.

Bitcoin Cash (BCH)

On Wednesday, as cryptocurrency prices started to slowly rise, BCH was one of the biggest leaders of the day.
After a low of $295.20 on Tuesday, BCH/USD rose to an intraday high of $332.87 during today’s session.
This is the highest level BCH has traded at in the last week, and this despite the fact that its value traded 4% lower during the same period.

BCH/USD — daily chart

The recent momentum in the market has driven prices lower, with BCH trading lower in the last seven out of ten sessions.
However, after two consecutive days of gains, BCH is now trading near $335 resistance, with the RSI also below its ceiling.
That level would be the 50.4 mark, which has historically been an area of uncertainty and has spawned several bearish runs.
Despite this, bulls can expect to break this ceiling and target the $360 area.

WAVES

WAVES fell as much as 11% in today’s session, but the losses eased somewhat as the bulls returned to the cryptocurrency markets this afternoon.
After falling for ten of the last twelve sessions, WAVES fell to its lowest level since March.
At the time of writing, WAVES/USD has reached an intraday low of $20.48, its lowest point since March 7, and this comes after the recent bottom was also broken.

WAVES/USD — daily chart

This support point is at $25.10, and since recent momentum remains bearish, some expect WAVES to fall to the lower $16.50 level.
The WAVES price is also currently oversold according to the RSI indicator and is trading at 33.80 support, its lowest level since early February.
However, if this level is broken, we will likely see all of March’s gains wiped out within two to three weeks.
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