European session buying lifted volume 78% above the 24-hour average as bitcoin cash set higher lows at $462.67, $474.27 and $479.03.
According to CoinDesk Research’s technical analysis data model, BCH rose 3.3% to $491.80 after clearing $487 on above-average European session volume, posting a $33.36 range and a brief pullback from a $495.30 high that buyers quickly faded. (Please note all timestamps are in UTC.)
Technical analysis highlights Price moved from $476.10 to $491.80, up 3.3% Intraday range measured $33.36 Higher lows were set at $462.67, $474.27 and $479.03 Breakout above $487.00 occurred during the European session on sustained buying interest Price peaked at $495.30, then slipped $3.20 to $490.14 before rebounding to $492.99 Multiple attempts to breach $495.00 took place between 16:00 and 17:00 on Nov. 5 Volume peaked at 33,795 units on Nov. 4 at 21:00, versus a 24-hour average of 13,478 units, a 78% surge The 0.65% pullback from session highs was followed by recovery above $491.00
Patterns explained The report describes an ascending trend with a clean breakout: buyers repeatedly stepped in at progressively higher lows, price pushed through $487 with stronger participation, then a small dip was absorbed quickly, which kept momentum intact.
Support vs. resistance map Support: $490.00 psychological level tested during a 60-minute correction; $487.00 breakout zone; $479.03 higher low Resistance: $495.00 area after several rejections; $495.30 session high Targets & risk framing Targets: Immediate upside target at $495.30 with breakout potential above $500.00 Invalidation/risk: Defend $487.00 to maintain the bullish structure