June 29 (Cointime) - The cryptocurrency market is showing mixed signals as some coins experience a rise in rates while others remain in the red zone. Bitcoin Cash (BCH) has seen a 4% increase in the last 24 hours and is currently trading near a local resistance level of $246. However, a decrease in volume suggests that bears may take control.

If the candle closes near $246, BCH could move towards the $250 zone and beyond. Traders should pay attention to the resistance level at $259.6, which could lead to a bounce back from the $260 zone until mid-July.