Bitcoin Cash Just Broke $350 and $400 Seems Imminent: Here’s Why

Bitcoin cash price started a strong rally from $300 and it gained more than 15%, whereas BTC is struggling near $8,700. BCH/USD could continue to rise towards $400 in the near term.Bitcoin cash price is up more than 15% and it broke the $350 resistance area against the US Dollar.
The price is showing a lot of positive signs above the $330 level and the 100 SMA (4-hours).
There was a break above a major declining channel with resistance near $324 on the 4-hours chart of the BCH/USD pair (data fee