Bitcoin Cash (BCH) has retreated to the long-term demand zone in the $440-470 range. This area was just below the midpoint of the range in which BCH has been trading for two years. It is possible that a test of this long-term demand zone could provide a change in the upward trend.
Investors need to remember that market sentiment is bearish. The current Bitcoin (BTC) rally was likely temporary, but it had enough strength to defend the psychological support at $70,000.
bitcoin “accused of being”Ponzi scheme“and the broader market was suffering political uncertainty and climbing geopolitical tensions. In these conditions, Bitcoin Cash Bulls may have difficulty sustaining the recovery.
On-chain metrics give mixed signals for Bitcoin Cash
The supply distribution metric showed that the retail sector was not accumulating BCH. The group, which holds only 100-1000 BCH, is actively adding to its funds in 2026. Although this group is of a respectable size, it may not be sufficient on its own.
The holding group is gradually selling 1,000 – 100,000 BCH throughout 2026. So are 1-100 BCH holders. The only ones who added were whales with over 100,000 BCH.
90-day and 365-day Average Coin Ages were used to compare whether network-wide accumulation was continuing. The 3-month conservative coin age has been in a steady uptrend since December, which is a positive sign.
At the same time, the 90-day MVRV value hit its lowest level since October 2025. At the time, the 10/10 crash had brought the market to its knees and investors were facing huge losses, especially short-term.
Bitcoin Cash managed to recover from the $470 support zone. At the time of writing this article, there were similarities between current and October prices and MVRV values.
The 365-day Coin Age Average opposes this positive outlook. It highlighted the selling waves since October. After December, accumulation was erratic rather than consistent. This may cause short-term price fluctuations but does not support the idea of a long-term recovery.
According to the moving averages, the 1-day structure and momentum were bearish. At the time of writing, CMF has fallen to -0.25, signaling massive capital outflow from BCH.
When combined with the 365-day Coin Age Average, the signals are set to warn investors of a deeper price decline. The 90-day MVRV was at multi-month lows, which may ease profit-taking pressure on BCH.
However, if BTC decides to fall below $70,000 and $66,000 again, Bitcoin Cash could quickly lose the $440 support.
Final Summary
- Bitcoin Cash showed signs that prices may decline below the long-term demand zone of $440.
- Swing traders need to be careful about buying BCH at these levels. A move above $480 could provide some confidence for the coming weeks.
