Triangle Pattern Shattered in Bitcoin Cash-Bitcoin Ratio; Signs Suggest Hype Rally Fizzling

Bitcoin Cash has staged a breakout against Bitcoin, raising prospects for a sustained rally.

BCH, currently priced at $491.65, has led gains among the top 100 cryptocurrencies over the past 24 hours. On the Bitstamp exchange, the BCH/BTC pair has surged above a triangle pattern marked by descending intraday highs and rising lows—a structure that typically signals a period of tightening consolidation.

A decisive move outside such formations often sets the stage for powerful price swings, suggesting that BCH could extend its bullish run versus Bitcoin, which trades at $107,223.43.

Supporting this outlook, the BCH/BTC ratio has already surpassed its 200-day simple moving average—a crucial indicator for long-term market trends followed by retail traders and institutional players alike.

Nevertheless, the pair may face hurdles at resistance levels around 0.00467, the February 2024 swing low, and further up at 0.00636, the high from last December. A drop below the monthly low of 0.00373 would negate the bullish scenario.

HYPE Token Momentum Wanes Amid Bearish Divergence

In contrast, the outlook for Hyperliquid’s HYPE token appears less certain after a dramatic rally.

HYPE has climbed nearly fivefold in the past three months, reaching a high of $44. However, its daily chart reveals warning signs: although the token continues to notch higher intraday peaks, the 14-day relative strength index (RSI)—a widely watched momentum gauge—has started to decline.

This negative divergence suggests waning buying pressure and often signals a potential reversal toward a bearish trend.