Breaking! ALGO and BCH's soaring trends ignite the market, a dual currency rebound is about to explode!

As of Tuesday, the prices of Algorand (ALGO) and Bitcoin Cash (BCH) stabilized at $0.22 and $368, respectively, with a daily increase of over 4%. Market sentiment is surging, ALGO bullish bets are increasing, and the daily active addresses for BCH have hit an all-time high, indicating that these two altcoins are entering a wave of rebound, aiming for double-digit gains.

ALGO: Breaking the descending wedge, 22% increase reaching new heights

On Monday, ALGO broke through the descending wedge pattern, with strong technical signals. If it maintains above the support level of $0.21, it is expected to continue rising by 22%, challenging the resistance level of $0.27. Both RSI and MACD show a bullish trend, with market sentiment high, ALGO is expected to continue climbing.

BCH: Breaking $390 could see a 17% increase

Since Bitcoin Cash broke the downward trendline on April 16, it has been on a steady rise. If the price breaks $390.5, BCH will see a 17% increase, targeting $459.20. The number of active addresses has reached an all-time high, indicating a surge in demand for the BCH blockchain, and the price may skyrocket again.

Both ALGO and BCH have entered a technical rebound phase, investors should pay close attention!