Bitcoin Cash (BCH) is delicately poised above the $288 level of support having rallied 12% since the start of the month.
At the time of writing, BCH is trading at around $296 after recovering from the drop down to $270 towards the end of August.
The 200 EMA on the four-hour chart is currently at $309. This will likely act as a point of resistance over the coming days, but it all depends on whether Bitcoin can surge above $11,000.
Another level of resistance comes in confluence with the 22 EMA on the daily chart, which has been on a negative slope since August 13.
The recent rise in price coincides with the release of a native Bitcoin Cash exchange on Bitcoin.com, which is owned and operated by Roger Ver.
Current live BCH pricing information and interactive charts are available on our site 24 hours a day.