Triangle Breakout Seen in Bitcoin Cash-Bitcoin Ratio as Hype Rally Shows Signs of Exhaustion

Bitcoin Cash has broken free from a chart pattern against Bitcoin, potentially paving the way for stronger performance.

BCH, now trading at $491.65, has taken the lead as the best-performing cryptocurrency among the top 100 over the past day. On Bitstamp, the BCH/BTC trading pair has surged out of a triangle structure characterized by lower intraday highs and higher lows—a sign of price consolidation that often precedes sharp moves.

Breakouts from such formations frequently trigger significant momentum shifts, hinting that BCH might advance further against Bitcoin, which currently sits at $107,223.43.

Adding fuel to the bullish outlook, the BCH/BTC ratio has climbed above its 200-day simple moving average—a widely watched gauge of longer-term market trends favored by traders across the spectrum.

Still, resistance could emerge at 0.00467, the swing low from February 2024, and near 0.00636, the high reached in December. A drop below the monthly low of 0.00373 would invalidate the positive scenario.

HYPE Token’s Momentum Shows Cracks After Explosive Run

In contrast, Hyperliquid’s HYPE token could be losing steam after an impressive rally.

HYPE has nearly quintupled over the past three months, reaching a high of $44. Yet its daily chart reveals a cautionary signal: while the token has set new intraday highs, its 14-day relative strength index (RSI), a key momentum indicator, has been drifting lower.

This kind of negative divergence often signals waning buying pressure and can foreshadow a potential shift toward a bearish trend reversal.