Bitcoin Cash Price Analysis: BCH drops to $630, bulls attempting to regain control?

TL;DR Breakdown Bitcoin Cash price analysis is bullish for today.BCH/USD continued to retrace yesterday.Bitcoin Cash still holds above $630 support. Bitcoin Cash price analysis is suggesting bullish sentiments on today’s market after the coin witnessed a rapid decline from the $661 mark to the $630 support on yesterday’s chart but then recovered in the early trading hours of today’s daily chart. Therefore, traders should expect  BCH/USD to gain some percentages higher and recover some of the loss later today as the bulls prepare for another long-term rally.  The general digital currencies market is trading with mixed momentum for the last 24 hours with Bitcoin losing 1.74 percent and Ethereum gaining 2.34 percent. Solana is the best gainer after breaching the $100 and hitting $117.  Bitcoin Cash price movement in the last 24 hours: Bitcoin Cash retraced to $625 support, time to gain?  According to our Bitcoin Cash price analysis,  the BCH/USD pair traded within a narrow daily range of $623 – $634.  Meanwhile, the daily trading volume for Bitcoin cash rose by 12 percent to a sum of $2.9 billion. Coin Market Cap recorded a 2.0 percent loss in market capitalization for the last 24 hours. Bitcoin Cash has a market cap of $11.19 billion.  BCH/USD 4-hour chart: BCH set to rally? On the 4-hour chart, we can see the Bitcoin Cash price establishing a base around $630 support, which is set to cl...