#BitcoinCash has seen an unsuccessful breakout of the bearish channel on the daily time frame, followed by a sharp price drop.

#BCH dropped for the second time to the demand level of $285.0-295.0 and then recovered.

Now, with the price reaching the ceiling of the descending channel, there is a possibility of crossing the $400.0 resistance.
But if this time the price cannot cross the dynamic resistance, we will see a fall back to the support level.