Bitcoin Cash moved back into focus after veteran chartist Peter Brandt identified it as an early leader in the current crypto market recovery. His view came as market noise eased and cleaner technical setups started to stand out, with BCH showing relative strength against many other large digital assets.
During the latest session, BCH climbed from $637.10 to an intraday high of $665.66. It was last seen at $662.80, up 3.1% on the day. Trading volume rose 15.04% to $667.89 million. Brandt said price strength backed by heavier turnover often supports a leadership case, and that combination is part of what puts Bitcoin Cash on traders’ radar.
Falling wedge structure keeps the bullish case alive
Brandt also pointed to chart formations that support the move. Bitcoin Cash is trading within a falling wedge, a pattern many traders read as bullish because it can signal that selling pressure is fading before a breakout attempt.
The Relative Strength Index was at 64.98, showing strength without pushing into overbought territory. That leaves room for continuation if buyers stay active. For technical traders, the indicator setup matches the idea that BCH is showing leadership early in the rebound rather than reacting late.
Binance listing adds to the rise in activity
Exchange-side changes also helped market activity. The listing of the BCH USD1 pair on Binance simplified trading routes for participants, reducing reliance on BTC and ETH pairs. The source said that improved access likely contributed to the recent jump in volume.
Liquidity conditions strengthened as more traders entered positions and turnover increased. At the same time, Bitcoin Cash has been narrowing its market cap gap with Cardano. If price gains continue, competition around top-10 positioning could become more intense.
$650 support is the near-term line traders are tracking
For now, $650 remains the key level in near-term sentiment. Analysts cited in the source view that area as essential for keeping upside momentum intact. As long as BCH holds above it, the current strength narrative remains in place.
If the market drops below $650, traders may start watching for a pullback toward the $625 to $628 range. The source also highlighted $680 as an important upside zone, with continued movement toward that level likely to keep Bitcoin Cash in the market leadership conversation.