Tether Drops USDT Support on Five Legacy Blockchains
Tether's Blockchain Support Changes: Tether will stop supporting USDT on five blockchains by September 1, 2025, as part of an infrastructure optimization strategy to focus on actively developed networks.
Market Impact and Stability: The decision is expected to have minimal impact on the market, with no major volatility anticipated for USDT prices, as the majority of its volume is handled by Ethereum and Tron.
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Technical Analysis for BCH
Technical Sentiment Analysis for Bitcoin Cash (BCH). As of , Bitcoin Cash (BCH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BCH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BCH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin Cash (BCH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 385.667 | 408.933 | 430.267 | 453.533 | 474.867 | 498.133 | 519.467 |
| Fibonacci | 408.933 | 425.971 | 436.496 | 453.533 | 470.571 | 481.096 | 498.133 |
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