Bitcoin Cash experienced a significant price drop this week, falling below the $400 mark. If this downward trend continues, analysts worry the price could fall to levels not seen since early 2025.
Summary
- Bitcoin Cash price plunged more than 11% below the key $400 support level, falling to its lowest point since early March.
- Bearish momentum strengthened after a MACD bearish crossover, while RSI dropped near 21, signaling deeply oversold conditions.
- Analysts now see the $320–$340 region as the next major downside target if BCH fails to reclaim the broken $400 support zone.
Bitcoin Cash (BCH) experienced a significant price drop on May 18th, falling over 11% to around $359, according to crypto.news. This was one of the largest single-day declines for the cryptocurrency in recent months, bringing its price to its lowest point since early March. Sellers now appear to be firmly in control of the price trend.
This price drop follows a general downturn in the altcoin market, as investors are selling off riskier assets after Bitcoin failed to break through a recent peak.
Despite occasional price increases linked to Bitcoin’s performance and renewed interest in older cryptocurrencies that use proof-of-work, Bitcoin Cash hasn’t been able to maintain a consistent upward trend in recent months.
Although Bitcoin Cash (BCH) is often seen as a riskier version of Bitcoin, given their shared history and focus on payments, it hasn’t performed as well as Bitcoin during the recent market trends.
Bitcoin Cash is facing declining interest as traders move their money into newer blockchain technologies and investments popular with institutions.
Trader sentiment towards derivatives has become more negative recently, with more traders taking positions anticipating a further price decline after the price fell below a key support level.
Bitcoin Cash has now fallen below the $400 level, which had been a significant support price for several months. This drop suggests a likely continuation of the downward trend.
Looking at the charts, it’s pretty clear we’re still in a downtrend. Ever since Bitcoin Cash couldn’t break through that $640 level earlier this year, things have been heading downwards, and this latest analysis just confirms that’s continuing.
Technical indicators show that sellers are still dominating the market. The MACD recently signaled a further downward trend, and the momentum is clearly getting more negative. This pattern usually means prices are likely to continue falling, as selling pressure increases.
The Relative Strength Index (RSI) has fallen close to 21, indicating very little short-term buying pressure after recent price drops. Although an RSI this low can sometimes lead to a brief price increase, it also confirms that the current downward trend is strong.
If selling pressure continues, Bitcoin Cash could fall back to its lowest price point from 2025, around $320 to $340. This is because the $400 level, which previously supported the price, is now acting as a barrier, preventing it from rising.
If Bitcoin Cash drops below that current price point, I’m worried it could fall much further, potentially all the way down to $300. That’s a key psychological level, and breaking it would likely trigger even more selling.
To see prices rise, buyers need to first get back above $400 to build some positive momentum. If they manage that, Bitcoin Cash could then try to reach the $440 level. However, overall, the current trend still favors sellers.
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2026-05-18 15:10