TOP 3 altcoins with notable trends today - November 10th

Virtuals Protocol (VIRTUAL), Aerodrome Finance (AERO), and Pump.fun (PUMP) are leading a strong bounce back in the crypto market, amid the context that the Government of America is nearing an end to the shutdown. According to Bloomberg, a group of Democratic Senators is likely to support the budget reopening deal for some agencies, opening up the prospect of ending the historic government shutdown.

On the crypto market, these altcoins are heading towards new gains, as investor sentiment is strengthened by optimistic prospects of the government soon bouncing back.

VIRTUALs Protocol surpasses $1.50, aiming for higher levels

Virtuals Protocol (VIRTUAL) increased by 7% at the time of writing on Monday, following a 6% rise on Sunday. The token of the AI Agents network is currently testing the 61.8% Fibonacci retracement level at $1.62, calculated from the peak of $1.89 on November 2 to the bottom of $1.16 on November 7 on the 4-hour chart.

If VIRTUAL breaks above this level, the rally could extend back to the swing high at $1.89. Above this threshold, the Fibonacci extension levels of 1.272 and 1.618, respectively at $2.09 and $2.35, could become strong resistance areas.

The VIRTUAL/USDT chart on the 4-hour frame | Source: TradingViewTechnical indicators on the 4-hour chart show that buying pressure is increasing: The Relative Strength Index (RSI) is currently at 63, still has room before entering the overbought zone, while the MACD continues to bounce back above the zero line after crossing above the signal line on Sunday.

On the contrary, if VIRTUAL encounters resistance at $1.62 and reverses, the support area at $1.16 will be the next important check point.

Aerodrome Finance reverses, forming a golden cross pattern

Aerodrome Finance continues to hold steady above the 1 USD mark, marking a four-day consecutive rise. As of the time of writing, the AERO token is trading steadily around 1.10 USD on Monday, maintaining an 11% increase compared to Sunday and only a short distance from the peak on October 31 at 1.14 USD.

Based on the Fibonacci extension levels from the peak of 1.14 USD down to the bottom of 0.74 USD on November 4th, the 1.272 and 1.618 extension levels are at 1.25 USD and 1.38 USD respectively — these could be important resistance zones that the bulls need to overcome to maintain the upward momentum.

The AERO/USDT chart on the 4-hour timeframe | Source: TradingViewOn the 4-hour chart, momentum indicators still support the positive trend: the MACD line along with the signal line continue to rise steadily, while the RSI is at 70 — approaching the overbought zone, reflecting strong buying pressure.

Notably, the 50-period EMA has crossed above the 200-period EMA, forming a golden cross pattern, which is often seen as a signal of a strong bounce back phase in the short term.

On the contrary, if a correction occurs, the important support zones below the psychological level of 1 USD are at the Fibonacci retracement levels of 61.8% and 50%, corresponding to 0.98 USD and 0.94 USD.

Pump.fun aims for a breakthrough resistance line

Pump.fun (PUMP) kicks off the new week with excitement as it rises 8% on Monday morning, extending a 9% increase from the previous Sunday and surpassing the $0.004400 mark. This strong bounce back momentum indicates that investor sentiment is gradually shifting to positive.

On the technical chart, the launchpad based on Solana is approaching the short-term resistance zone - formed by connecting the peaks of September 14 and October 3 - coinciding with the 50-day EMA around the level of $0.004554. If PUMP can break above this price zone, the bullish trend could extend to the Pivot R1 area at $0.007598.

Daily PUMP/USDT Chart | Source: TradingViewThe RSI indicator on the daily frame is currently at 51, just above the average threshold, reflecting a gradual return of buying pressure. At the same time, the MACD line is also moving above the signal line after the crossover on Sunday, further bolstering the bullish momentum signal.

Conversely, in a correction scenario, the Pivot S1 area at $0.001562 is considered the nearest support level that the bulls need to defend.

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