Virtuals Protocol (VIRTUAL), Aerodrome Finance (AERO) and Pump.fun (PUMP) are leading Monday’s crypto market recovery as news of a possible end to the U.S. government shutdown boosts overall sentiment. According to Bloomberg, a bloc of centrist Senate Democrats may back a deal to restore funding for key federal departments, potentially bringing an end to the record-long shutdown. These three altcoins look set to extend their gains if Washington reaches an agreement.
- Virtuals Protocol (VIRTUAL) Eyes Break Above $1.62
• At press time Monday, VIRTUAL is up 7% on the day—extending Sunday’s 6% gain—and trading just above $1.50.
• On the 4-hour chart, the token is challenging its 61.8% Fibonacci retracement level at $1.62 (measured from the $1.89 high on November 2 to the $1.16 low on November 7).
• A clear break above $1.62 could propel VIRTUAL back toward its swing high at $1.89. Beyond that, the 1.272 and 1.618 Fibonacci extension levels at $2.09 and $2.35 become the next upside targets.
• Momentum indicators support further upside: the 4-hour RSI has risen to 63 (well below overbought territory), and the MACD recently crossed above its signal line and is back in positive territory.
• On the downside, a failure at $1.62 could see the token retest its $1.16 support base. - Aerodrome Finance (AERO) Forms Golden Cross, Holds $1.00
• AERO is trading near $1.10 Monday, up 11% over the past 24 hours and marking its fourth consecutive day above the $1 psychological level. It’s also closing in on its October 31 peak of $1.14.
• Using the swing high of $1.14 and swing low of $0.74 (November 4) for Fibonacci extensions, the 1.272 level at $1.25 and 1.618 level at $1.38 stand out as potential resistance points.
• Technicals on the 4-hour chart remain bullish: the MACD and its signal line are both trending upward, and the RSI sits right at the 70 overbought threshold.
• A golden cross formed when the 50-period EMA crossed above the 200-period EMA, signaling a strong short-term recovery.
• Key downside supports, should AERO pull back, lie at the 61.8% and 50% Fibonacci retracements—around $0.98 and $0.94, respectively. - Pump.fun (PUMP) Poised for Trendline Breakout
• PUMP is up 8% at Monday’s open, building on Sunday’s 9% rally and trading above $0.0044.
• The Solana-based launchpad token is nearing a descending resistance trendline that connects its September 14 and October 3 highs, which also aligns roughly with the 50-day EMA at $0.004554.
• A decisive break above that trendline and the 50-day EMA could send PUMP toward the R1 pivot point at $0.007598.
• On the daily chart, the RSI has crossed back above 50, confirming renewed buying interest, and the MACD is climbing further above its signal line.
• Immediate support lies at the S1 pivot point of $0.001562 if the token sees any pullback.
In sum, VIRTUAL, AERO and PUMP are all showing strong technical setups and stand to benefit from the improved risk appetite sparked by a potential resolution to the U.S. government shutdown. Traders will be watching for key breakouts above their respective overhead levels to confirm the next leg higher.
