Bitcoin Cash (BCH) price has increased by more than 7% and is currently trading around $342. On-chain metrics indicate a bullish outlook, with the transaction rate reaching a new all-time high and open interest rising. Technical indicators also suggest a potential rally targeting the $390.5 level. If the support range around $279.2 is maintained, BCH could extend its rally by 13% to retest the next resistance. However, a close below the support range could lead to a decline towards the $255.2 level.



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