Bitcoin Cash Price Analysis: BCH/USD Consolidating Near $500

Key PointsBitcoin cash price stayed above the $496 swing low and consolidated against the US Dollar.
There was a break above a key bearish trend line with resistance at $510 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair struggled to move above the $530 resistance and the 100 hourly simple moving average.Bitcoin cash price mostly consolidated near $500 against the US Dollar. BCH/USD must break the $530-540 resistance zone for a decent recovery.
Bitcoin Cash Price Analy