Since the inception of the month, BCH bulls displayed their vigor as the price rallied by 38% to hit its six-week high on 21 October.
The altcoin traded at $593.2, after noting a nearly 1% gain over the past day.
The Relative Strength Index saw a surge in the last 24 hours, depicting an increasing buying strength.
Additionally, the MACD and the Awesome Oscillator flashed green signal bars, affirming the previous reading.
However, the altcoin saw a 5.15% decline in 24 hours as technicals hinted at decreasing buying strength in the near term.
The RSI plunged by 10 points and headed towards the midline, indicating decreasing buying strength in the near term.
Over the past month, TRX fluctuated in an uptrend, as displayed by the higher highs marked on its trendline.
The RSI stood near the overbought territory after surging by 25 points over the past day.
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