Despite price growth in the past few weeks, bearish sentiment lingers in the market, and has caused BCH's negative funding rates to rally.
As observed on its daily chart, BCH initiated a new bull cycle on 12 September when its MACD line crossed above the trend line.
The Stochastic RSI indicator measures momentum and identifies overbought and oversold conditions in the market. At 89.14%, BCH was slightly overbought at press time. Above the center line at the time of writing, the BCH market was being provided with the liquidity necessary to keep the price rising. A CMF value above 0 indicates that there is more money flowing into an asset than out of it.
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