The U.S. Senate has advanced a bipartisan funding bill late Sunday night that could end the ongoing government shutdown. The resolution of the shutdown could signal a fresh wave of optimism for risk assets like crypto, and these 3 altcoins could be next to run.
Internet Computer (ICP) price is cooling off after the recent rally of roughly +240%, climbing from the $2.80 base to $9.50 at its peak. The current retracement appears healthy so far, with ICP price consolidating above the 0.382 Fib, suggesting that bulls are still in control.
From a moving average perspective, the EMAs 9 (cyan), 21 (yellow), and 55n (green) remain bullishly stacked. As long as the EMAs maintain this alignment (9 > 21 > 55), the overall trend remains very favorable for buyers. EMA 9 crossing below EMA 21 would be the first early warning signal of a potentially deeper correction.
Bittensor (TAO) price has just broken out of its descending trendline after bouncing from the key horizontal support at $350. Bulls appear to be defending this level since it has been consistently respected in recent sessions.
The 9, 21, and 55 EMAs are still stacked in a bearish order, but the 9 EMA (cyan) is on the verge of crossing above the 21 EMA (yellow), while ATO price is edging closer to the 55 EMA (green). This indicates early signs of a potential bullish reversal, although confirmation is still pending.
A confirmed EMA crossover would strengthen the bullish case, potentially setting the stage for a move toward the $460, the upper boundary of the broader $350-$460 range that saw a fakeout earlier this month. Reaching that level would mark a 16% gain from the current price of $395, while a retest of the previous fakeout peak at $540 would represent a potential upside of nearly 37%.
Litecoin (LTC) price has recently broken above the previous support-turned-resistance at around $103 after rebounding from the key horizontal support near $80, marking an almost 30% surge in less than a week. Amid strong bullish momentum, with RSI currently at 64 on the 4H timeframe, LTC price is edging closer the mid-range resistance at $115 within the broader $103-$125 range. Price now sits only around 7% below this barrier.
The 9, 21, and 55 EMAs have stacked bullishly after the bounce from $80, confirming a shift in short-to-medium-term momentum in favor of buyers. If LTC price breaks the mid-range resistance, the door opens to a potential retest of $125 and then $136, which would mark 15% and 25% from the current price respectively.
