Bitcoin Cash

VeChain

Rally

Future

Bitcoin

<p>Technical analysts are turning bullish on two major cryptocurrencies – VeChain (VET) and Bitcoin Cash (BCH) – as both tokens show signs of potential breakouts after years of consolidation.</p>
<h2 class="wp-block-heading" id="strong-vechain-eyes-400-rally-after-clearing-key-hurdles-strong"><strong>VeChain Eyes 400% Rally After Clearing Key Hurdles</strong></h2>
<p><a href="https://x.com/WorldOfCharts1/status/1778293789427417188" target="_blank" rel="noopener noreferrer nofollow">According</a> to @WorldOfCharts1, VET has broken through multiple critical resistance levels, setting the stage for a massive rally in the coming weeks. “VET recently breaks multiple resistances, multi-year descending trendline + horizontal resistance accumulation area and retested perfectly,” the analyst stated.</p>
<figure class="wp-block-image"><img loading="lazy" decoding="async" width="1600" height="906" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-577.png" alt="" class="wp-image-473016" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-577.png 1600w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-577-300x170.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-577-1024x580.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-577-766x434.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-577-1536x870.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-577-2048x1160.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-577-265x150.png 265w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-577-100x57.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-577-618x350.png 618w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-577-788x446.png 788w" sizes="(max-width: 1600px) 100vw, 1600px">
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<p>Moreover, VET has now breached a bullish flag pattern, which is frequently seen as a continuation signal after an initial uptrend. Besides, if the breakout is confirmed, @WorldOfCharts1 has an ambitious upside target of 484.08% gain for VET from current levels.</p>
<p>The chart reveals VET has respected long-term support levels over the years, suggesting a zone where buyers have consistently entered positions. Additionally, the bullish pennant pattern formed by VET’s price action adds conviction to the potential breakout thesis.</p>
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<h2 class="wp-block-heading" id="strong-bitcoin-cash-uptrend-could-resume-after-pullback-strong"><strong>Bitcoin Cash Uptrend Could Resume After Pullback</strong></h2>
<p>Meanwhile, Bitcoin Cash (BCH) investors have witnessed a commendable bullish performance following a classic ‘Bullish Pennant’ breakout. The asset confidently surpassed the $500 mark, soaring towards a $700 valuation, which aligned with the anticipated target for a 40% profit margin. However, the ascent encountered resistance at the $700 threshold, marking it as a repeated point where prices faced rejection.</p>
<figure class="wp-block-image"><img loading="lazy" decoding="async" width="1600" height="895" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-578.png" alt="" class="wp-image-473024" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-578.png 1600w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-578-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-578-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-578-767x429.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-578-1536x859.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-578-2048x1146.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-578-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-578-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-578-626x350.png 626w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-578-788x440.png 788w" sizes="(max-width: 1600px) 100vw, 1600px">
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<p>BCH is now eyeing the $600 support level as a potential springboard. This zone presents a tactical entry point for traders, with a rebound offering a 15% upside, potentially retesting the $700 resistance. Seasoned market participants would consider setting a Stop Loss at $560 to mitigate risk, positioning it just beneath the previous swing low. The landscape across timeframes is favorable, with a resilient uptrend noted short, medium, and long-term.</p>
<p>In terms of momentum, signals are giving mixed readings. The Moving Average Convergence Divergence paints a bearish picture with its line beneath the signal line. However, the Relative Strength Index (RSI) counters with a bullish sentiment, resting above 55. As traders monitor these indicators, the support following the $600 foothold is notably at $500, providing a cushion. On the ascent, after the $700 challenge, traders set their eyes on the $800 peak as the next frontier.</p>
<p>While no technical signal is infallible, the formations spotted by @WorldOfCharts1 and @AltFINS suggest crypto traders should keep VET and BCH on their radar for potential long opportunities in the coming sessions.</p>
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<p>The post <a href="https://captainaltcoin.com/technical-breakthroughs-signal-bright-future-for-vechain-and-bitcoin-cash-vet-to-rally-by-400-bch-eyes-next-level/" rel="noopener noreferrer nofollow">Technical Breakthroughs Signal Bright Future for VeChain and Bitcoin Cash: VET to Rally by 400%, BCH Eyes Next Price Level</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Technical Breakthroughs Signal Bright Future for VeChain and Bitcoin Cash: VET to Rally by 400%, BCH Eyes Next Price Level

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