Bitcoin Cash Breaks Out of Resistance Trendline

Bitcoin Cash has made significant gains after breaking out of its 100-day resistance trendline. This development comes as the cryptocurrency's market capitalization has reached $2.62 trillion, driven by a surge in buying pressure following the U.S.-Iran ceasefire.

The breakout from the resistance trendline marks a change in market dynamics, offering buyers a suitable launchpad to drive price recovery. The Average Directional Index (ADX) at 21% and declining suggests that the prevailing bearish momentum is weakening.