Bitcoin Cash Ends June with Nearly 170% Gain, Riding High on Impressive 19% Surge
Bitcoin Cash is wrapping up its most successful month of the year, finishing with a significant surge in value. The altcoin started the day at $253 and remained around that price for most of the session. However, a closer look at the 2-hour chart reveals more about its performance. After a strong start, the first candle of the day was green, pushing the asset past the $260 resistance level and reaching a peak of $267, gaining over 5% in just two hours.
The next important development occurred over the following two hours when Bitcoin Cash broke through another key level, the $300 resistance. It reached its highest price of the day at $326 before retracing and closing at $299, still with gains of more than 12%.
Following these events, the asset traded within a range until a brief breakout attempt above $330, which was met with strong resistance at $329. Nevertheless, Bitcoin Cash is concluding the current intraday session with nearly 19% gains, adding to the substantial increases it has experienced in recent days.
A glance at the daily chart shows that Bitcoin Cash has had its best month of the year, with mostly bullish movement over the past 29 days, revisiting levels it hasn’t seen in almost a year. One notable level is $300, which it reached today for the first time since June 2022.
On the 23rd day of the month, Bitcoin Cash started trading at $133 and surged to a high of $194. It retraced and closed at $182, representing a more than 36% increase in value at the time.
Two days prior, the token opened at $110, retested $140, faced strong resistance, and retraced. The intraday session closed with Bitcoin Cash trading at $135, registering gains of over 23%.
The bullish trend continued as the coin experienced its largest gain of the month. It started trading at $133, breaking through several critical resistance levels such as $160 and $180, and attempted to reach $200. However, it faced strong rejection at $194, resulting in a retracement and a closing price of $182, still with gains of over 36%.
All of these increases contribute to the asset’s nearly 170% positive change in value as it concludes the month of June.
