Bitcoin Cash Breaks Out: BCH/BTC Ratio Signals End of HYPE Rally

Key Highlights:
* BCH/BTC ratio breaks out of a long-standing triangle pattern.
* Bitcoin Cash tops 200-day moving average, hinting at bullish momentum.
* $HYPE token shows bearish divergence after a fivefold rally.

Bitcoin Cash (BCH) has surged against $BTC , breaking out of a narrowing triangle pattern that had been forming on the BCH/BTC chart.
This technical breakout, coupled with a move above the 200-day simple moving average, suggests a potential bullish run for BCH. However, the rally in Hyperliquid’s HYPE token may be losing steam, as momentum indicators flash warning signs.

BCH/BTC Technical Breakout

The BCH/BTC pair’s breakout from a descending triangle pattern is a classic bullish signal. With the ratio now above the 200-day SMA, traders are eyeing resistance levels at 0.00467 and 0.00636. A drop below 0.00373 would invalidate the bullish setup.

HYPE Token Momentum Wanes

While BCH gains traction, HYPE’s recent surge to $44 may be peaking. A negative divergence between price and the 14-day RSI suggests weakening momentum, often a precursor to trend reversals.
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