failing

Bitcoin Cash (BCH)

is trading at $452.13, down 0.54% over the past 24 hours, after failing to breach the $467 resistance level across multiple tests, according to CoinDesk Research’s technical analysis model.

The token briefly surged near that level late on June 23, gaining nearly 3% during a high-volume spike, but was subsequently rejected twice more, reinforcing the significance of that barrier. A descending trendline formed during the corrective pullback, with lower highs establishing a bearish short-term tone.

On the regulatory front, Federal Reserve Chair Jerome Powell announced that U.S. banks now have the freedom to determine their digital asset customer base without prior regulatory pre-approval. This policy shift effectively removes institutional adoption barriers and is considered a meaningful step toward greater integration of crypto within the traditional financial system.

Technical Analysis Highlights

BCH traded in a $19.76 range (4.4%) from $449.61 to $469.63 over 24 hours.
At 22:00 on June 23, BCH surged nearly 3% on 79,485 volume units, setting resistance at $467.
The $467 level was tested and rejected two more times, confirming strong overhead resistance.
Support formed around $450 with significant volume accumulation between 15:00–16:00.
A descending trendline of lower highs emerged following the initial spike, signaling bearish momentum.
A V-shaped micro-trend formed during the final hour, with a bounce from $449.94 to $451.31.
Volume spiked during the 18:17–18:19 drop and again on the 18:30–18:32 recovery.
A short-term support zone developed near $450 after repeated successful retests.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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Indie horror game developer Ruled are onto a nice little spree with their shortform Itch.io releases – seemingly, they are skipping from phobia to phobia. First there was Automatonophobia, a game that navigated the fear of subterranean golems, then there was Chrometophobia, a game dedicated to the fear of spending money, and also to the act of finding “grimbo” gibs for a delicious pie. What’s next on the menu? Ah yes, scarecrows.

In Formidophobia, which can be downloaded for free, you are a farmer trying to make it across a hazy lofi cornfield. Your dad told you never to go in that field. His dad told him never to go in that field. Neither of them are around anymore, however, and your wife needs medical attention, so off you trot with your bolt-action rifle and exactly one shell. With luck, you’ll find more shells along the way.

The rifle is a stubborn, slothful broomhandle of a weapon that wobbles drunkenly at stomach level and often gets caught on other objects, dragging behind you in a way that makes me empathise for the weary arms of my character. The principal challenge and source of dread in Formidophobia is reloading it in a punctual fashion.

The starting area is a ring of scrawly signposts that illustrate the process of pulling back the lever, tugging a shell from the holder, and closing the gun up again. The utility of those signposts isn’t that they tell you how to wield your gun, in my experience – it’s that other things can’t walk through them.

I enjoy the grubbiness, stodginess and overall inhospitability of this game. Don’t come expecting “polish”, do come expecting a briskly unpleasant meditation on the rasp of stems and the crickle-crackle of bones, deep in the mist.

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Slips 0.54% to $452 After Failing to Break $467 Resistance Level

Have fun failing to reload your gun fast enough in this cornfield creepfest