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- Bitcoin Cash extends its recovery to hit a record high in 2025, suggesting a potential breakout rally.
- Algorand edges higher as the recent V-shaped reversal picks up bullish momentum.
- Monero’s falling wedge breakout rally gains traction, nearing a critical local resistance level.
Made in USA altcoins, such as Bitcoin Cash ($BCH) and Algorand ($ALGO), have made significant gains on Monday, outpacing the broader market over the last 24 hours. Similarly, Monero ($XMR), a privacy coin, maintains bullish momentum following last week’s recovery run, with further gains on the horizon.
Bitcoin Cash nears key resistance trendline breakout
Bitcoin Cash, a “Made in the US” Bitcoin hard fork, edges higher by over 2% at press time on Tuesday following a silent opening this week. $BCH crosses above the $500 psychological level, reaching a new year-to-date high.
The uptrend challenges the $523 mark, which aligns with the 78.6% Fibonacci level drawn between the 52-week high of $640 and the low of $249. Further up, an overhead resistance trendline connected by swing highs on May 8 and June 19 coincides with the 78.6% Fibonacci level.
A potential daily close above the adjoining resistances could prolong the uptrend towards the 52-week high of $640.
The Moving Average Convergence/Divergence (MACD) indicator displays a wave of bullish histogram bars suggesting the altcoin is sustaining bullish momentum.
The Relative Strength Index (RSI) at 67 hovers below the overbought boundary, indicating heightened buying pressure.
$BCH/$USDT daily price chart.
If $BCH reverses from the resistance level, it could decline towards $446, aligning with the 61.8% Fibonacci level.
Algorand’s recovery targets $0.20
Algorand trades in the green as it extends its 15% recovery run from last week. At the time of writing, $ALGO is trading 3% higher on the day, surpassing the $0.1909 resistance level, last tested on June 9.
If $ALGO holds a daily close above this level, it could extend the uptrend towards the highest price in June of $0.2092.
The MACD indicator displays a rising trend in green histogram bars, indicating a strengthening of trend momentum.
The RSI crosses above the midpoint level to 56, indicating a potential increase in buying pressure.
$ALGO/$USDT daily price chart.
However, a bearish close to the day could test Friday’s low at $0.1691.
Monero aims to surpass the $322 resistance level
Monero softens by 1% on Tuesday, following a 3.80% rise on Monday, as it struggles to hold its gains. The recovery run in $XMR, marked by a falling wedge pattern breakout, is shown in the daily chart below.
However, the breakout rally faces opposition from the area below the $322 resistance level, last tested on June 18. A clean push above $322 could extend $XMR’s price to its June high of $372.
The MACD indicator triggered a buy signal on Sunday, as the MACD line crossed above its signal line.
The RSI indicator crossing above the halfway line suggests a minor bullish tilt in trend momentum.
$XMR/$USDT daily price chart.
However, a reversal from the high supply zone could test the June 22 low at $288.