The cryptocurrencies with the highest pump are BCH, ALGO, XMR: US-made and Privacy Coin lead the market recovery.

According to Gate, amidst the fluctuations in the crypto assets market, certain types of alts are showing strong rebound momentum. This week, cryptocurrencies known as "Made in America," such as Bitcoin Cash (BCH) and Algorand (ALGO), saw significant pumps on Monday, outperforming the broader market in the past 24 hours. Similarly, the privacy coin Monero (XMR) has maintained a bullish momentum following its rebound last week and is expected to rise further. The performance of these coins may signal a new direction for market recovery.

Bitcoin Cash (BCH) is nearing a critical resistance trend line breakout

FXStreet analyst Vishal Dixit stated that BCH, as a "Made in America" Bitcoin hard fork, rose over 2% after opening low this week, reaching a new high for this year as of Tuesday's press release, successfully breaking through the psychological barrier of 500 USD.

Currently, its upward trend is challenging the $523 mark, which aligns with the 78.6% Fibonacci level between the 52-week high of $640 and the low of $249. More importantly, the upper resistance trend line connecting the fluctuation highs of May 8 and June 19 also overlaps with the 78.6% Fibonacci level.

If the daily closing price of BCH can be above the adjacent resistance level, it may continue the upward trend and reach the 52-week high of 640 USD.

From a technical indicator perspective, the Moving Average Convergence Divergence (MACD) indicator shows a bullish histogram bar, indicating that alts are maintaining a bullish momentum. The Relative Strength Index (RSI) is at 67, hovering just below the overbought threshold, suggesting that buying pressure is increasing.

However, if BCH reverses from the resistance level, it may drop to $446, aligning with the 61.8% Fibonacci level.

(Source: Trading View)

Algorand (ALGO) recovery target is $0.20

ALGO continues the 15% rebound momentum from last week and is currently trading well. As of the writing of this article, ALGO's trading price has increased by 3% on the day, successfully breaking through the resistance level of $0.1909 tested on June 9.

If ALGO's daily closing price can remain above this level, it may continue its bullish trend, reaching the June high of $0.2092.

The MACD indicator shows an upward trend with a green histogram, indicating that the momentum of the trend is strengthening. The RSI has broken the midpoint to 56, indicating that buying pressure may be increasing.

However, if the closing price on that day falls, it may test Friday's low point of 0.1691 USD.

(Source: Trading View)

The goal of Monero (XMR) is to break through the resistance level of 322 dollars

After rising 3.80% on Monday, XMR fell 1% on Tuesday, struggling to hold onto its gains. The rebound trend of XMR is marked by the breakout of the descending wedge pattern, as shown in the daily chart below.

However, the breakthrough rebound faces resistance from the area below the 322 USD resistance level, with the last test occurring on June 18. If a successful breakout above 322 USD can be achieved, the price of XMR may rise to the June high of 372 USD.

Due to the MACD line crossing above its signal line, the MACD indicator triggered a buy signal on Sunday. The RSI indicator breaking above the midline shows a slight bullish trend momentum.

However, a reversal at the high supply zone may test the low of $288 on June 22.

(Source: Trading View)

Conclusion:

Bitcoin Cash, Algorand, and Monero have recently shown impressive performances, representing the potential of "Made in America" and "Privacy Coin" in the market recovery. BCH is challenging a key resistance level, ALGO is expected to return to $0.20, while XMR is targeting $322 after breaking out of a descending wedge. The technical indicators for these coins generally show bullish signals, but investors still need to pay attention to their respective key support and resistance levels and consider the overall market risk.