Bitcoin Cash [BCH]
Bitcoin Cash was observed to have registered a 10.70 percent hike at 7:00 UTC on 16 April after its valuation crossed $230 for a brief period. The world’s fifth-largest cryptocurrency had a market cap of $4.2 billion, with a significantly high trading volume of $4.06 billion.
The 1-hour chart for BCH suggested that the token underwent a bullish breakout after a descending channel had taken shape over the past 2 days. Further, the market indicators continued to remain bullish for BCH as both the RSI and Parabolic SAR remained positive.
Basic Attention Token [BAT]
BAT registered a bullish breakout after busting out of a falling wedge pattern. BAT’s valuation had inclined by 8.77 percent during the two-hour rally, staying fairly close to Tron’s hike.
Its market cap was recorded to be $239 million, at the time of writing, and it had an average trading volume of $95 million over the past 24-hours.
The Chaikin Money Flow or CMF suggested that capital outflows were still the dominant norm in BAT’s market while the Bollinger Bands were diverging on the charts, indicating a volatile period ahead.
Tron [TRX]
Finally, Tron followed a similar path as its market cap had risen to $861 million at press time. The 16th ranked token did have a high trading volume though, with the figure recorded to be $1.45 billion over 24 hours, at the time of writing.
The MACD remained fairly bullish for Tron as the blue line hovered over the red line.
The Awesome Oscillator suggested a similar trend as the momentum remained strongly on the bull’s side.
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