Bitcoin Cash (BCH) returned to the long-term demand zone at $440-$470. This area was just above the middle of the range that BCH has traded in over two years. It is possible that a test of this long-term demand zone could provide a reversal of the bullish trend.
Investors should note that market sentiment remains subdued. The current Bitcoin (BTC) rally was likely temporary, although it had enough strength to defend the psychological support of $70,000.
Bitcoin has come under accusations of being a “Ponzi scheme,” and the broader market has suffered under political uncertainty and heightened geopolitical tensions. In these circumstances, the Bitcoin Cash bulls may find it difficult to recover.
On-chain metrics are giving mixed signals for Bitcoin Cash
The supply distribution metric showed that the retail sector is not hoarding BCH. Only a group holding 100-1000 BCH will actively add to their funds in 2026. Although this group was a respectable size, it may not be enough by itself.
During 2026, the group holding 1k-100k BCH will be gradually sold. So do holders of 1-100 BCH. Sharks with more than 100,000 BCH were alone.
Average age of 90-day and 365-day coins to compare if the entire network is still accumulating or not. The coin’s 3-month old has been in a steady uptrend since December, which is a positive sign.
Meanwhile, the 90-day MVRV value was the lowest since October 2025. At the time, the 10/10 crash had brought the market to its knees and holders were facing huge losses, especially short-term losses.
Bitcoin Cash managed to bounce back from the $470 support zone. At the time of writing, the similarities between current and October prices and MVRV values are visible.
The 365-day average coin age disagreed with this rosy outlook. It highlighted the selling waves since October. After December, collection was irregular rather than regular. This may cause short-term price volatility, but it does not support the idea of a long-term recovery.
The 1-day structure and momentum, according to the moving averages, were both bearish. At press time, CMF has fallen to -0.25, indicating massive capital outflows from BCH.
Combined with the coin’s average age of 365 days, the signals are apt to warn investors of deeper price declines. The 90-day MVRV was at a multi-month low, which could ease the pressure on profits in BCH.
However, if BTC decides to break below $70k and $66k again, Bitcoin Cash could quickly lose the $440 support.
Final conclusion
- Bitcoin Cash has shown signs that prices may break below the long-term demand zone of $440.
- Swing traders should be wary of buying BCH at these levels. A bounce back above $480 gives some confidence for the coming weeks.
