Bitcoin Cash Price Update: BCH/USD spotted falling triangle hints imminent breakout

Bitcoin SV bullish separates from Bitcoin Cash with a 12% surge, stepping above $300.
Bitcoin Cash could correct towards $400 if the triangle resistance is broken.

John Isige FXStreet

Bitcoin Cash is among the many cryptocurrencies struggling to stay afloat above key support areas. The tag pf war started on Monday when Sunday’s recovery hit rocks across the board. Bitcoin Cash, for example, reversed the momentum on hitting highs around $360. The losses have explored the rabbit hole an even tested the key support at $320 twice.

Bitcoin Cash Vs Bitcoin SV

At the time Bitcoin Cash is struggling to stay afloat, its key rival Bitcoin SV (BSV) is flying the bullish flag high with a 12% surge in the last 24 hours. Bitcoin SV is trading above the critical $300 after a tactical recovery from lows under $250. For now, Bitcoin Cash is safely nested in the fourth position while Bitcoin SV seems to be setting quite well in the fifth spot by market capitalization.

Bitcoin Cash technical picture

At the time of writing, Bitcoin Cash is trading 0.60% lower on the day. It has a market value of $340. The immediate downside is protected by the 50 SMA on the 1-hour chart, currently holding the ground at $337. Also in line to provide support is the longer-term 100 SMA at $328.

The hourly chart shows the formation of a falling triangle pattern and Bitcoin Cash is trading just below the trendline resistance. A break above the triangle resistance could blast Bitcoin Cash towards $400.

Meanwhile, the technical levels in the short term analysis display a bearish picture for BCH. If the RSI hits the levels under 30 and the MACD slides into the negative region, Bitcoin Cash could eventually drop past the triangle support at $320 and target the key $300 region.

BCH/USD 1-hour chart

Author

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

Cardano: Under pressure as bearish derivatives cap recovery

Cardano remains under pressure, trading lower at $0.165 on Monday after mild losses in the previous week. Weakening derivatives metrics and subdued momentum indicators suggest that ADA's upside move remains limited, keeping downside risks in focus. Derivatives data for Cardano shows bearish sentiment among traders.

Bitcoin holds firm at $65,000 – AAVE and ONDO gain traction

The broader cryptocurrency market risk-off sentiment eases as the US and Iran extend the pause in missile strikes, while Oman holds peace talks. Bitcoin holds firm above $65,000 on Monday, while DeFi tokens, including Aave and Ondo, emerge as top performers over the last 24 hours.

Bitcoin extends winning streak, Ethereum clears key hurdle, XRP steadies

Bitcoin, Ethereum and Ripple begin the week on a firm footing after surging over 1%, 4% and 1%, respectively, in the previous week. BTC holds above key technical resistance after recording its fourth consecutive weekly gain.

World Foundation raises over $52M in token sale as World Network marks third anniversary

World Foundation, the nonprofit organization behind World Network, has raised $52.5 million through a strategic sale of its WLD token as the project marks three years since its mainnet launch. The funding round was led by Pantera Capital and included participation from Bain Capital Crypto, Eightco Holdings, Selini Capital, Susquehanna Crypto and other investors.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.