Bitcoin Cash Price Analysis: Can BCH/USD Hold Gains?

Key PointsBitcoin cash price recovered and managed to move above the $1,250 resistance against the US Dollar.
There is a key bullish trend line forming with support at $1,255 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair may continue to rise, but it could correct lower to test the $1,240-50 support area.Bitcoin cash price is showing a few positive signs above $1,250 against the US Dollar. BCH/USD is currently correcting lower and it remains supported above $1,240.
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