A month after its incredible rally, BCH's price is nowhere near the peak initially reached. But certain indicators suggest a possible comeback.
was close to its highest point of the year. Open Interest is the number of outstanding derivatives contracts that have not been settled.
When the OI increases, it signals an increase in liquidity. But when the Open Interest falls, it means that traders are closing their positions, and this negatively affects the volume in the market.Between 2 July and press time, BCH’s Open Interest took a big fall. This means that price movement is slowing down and BCH’s recovery to $300 may not be quick.of the market. This was indicated by the status of the Moving Average Convergence Divergence .At press time, the MACD was 1.
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