Recovering through the morning, Bitcoin Cash broke through to a late morning intraday high $562.6, coming up short of the first major resistance level at $565.9 before easing back to $530 levels and a relatively range bound afternoon.

At the time of writing, Bitcoin Cash was down 1.14% to $532.5, with Saturday’s end of day pullback continuing into the early hours of this morning, Bitcoin Cash falling from a start of a day morning high $538.6 to a morning low $529 before recovering to $530 levels.

For the day ahead, a move back through to the morning high would support a break through to $550 levels, with any afternoon rebound across the broader markets likely to bring the day’s first major resistance level at $563.27 into play, though sentiment will need to materially improve for Bitcoin Cash to be able to break out from $550 levels.

Failure to move back through the morning high to $540 levels could see Bitcoin Cash take another hit later in the day, a pullback through the morning low $529 likely to see Bitcoin Cash fall to sub-$520 levels, while the day’s first major support level at $511.27 may be left untested, barring particularly negative news hitting the wires.