As the U.S. Senate moves forward with a funding bill to potentially end the recent government shutdown, markets could see a renewed wave of optimism for risk-on assets like cryptocurrencies. In this context, the technical charts of several altcoins are showing noteworthy developments. Here is an analysis of three tokens exhibiting potentially bullish signals.

Internet Computer (ICP)

Following a significant rally of approximately 240%, which saw its price climb from a base of $2.80 to a peak of $9.50, Internet Computer (ICP) is now in a cooling-off period. The current retracement appears to be a healthy consolidation, with the price holding above the 0.382 Fibonacci retracement level, suggesting that buyers may still be in control.

The project’s key Exponential Moving Averages (EMAs) also support a positive outlook. The 9, 21, and 55-period EMAs remain in a bullish alignment, with the shorter-term averages positioned above the longer-term ones. As long as this structure holds, the overall trend favors buyers. A crossover of the 9-period EMA below the 21-period EMA would serve as an early warning of a potentially deeper correction.

Bittensor (TAO)

Bittensor (TAO) has broken out from a descending trendline after bouncing from a key horizontal support area around $350. This level has been consistently defended by buyers in recent trading sessions, reinforcing its importance.

While its EMAs are still arranged in a bearish order, there are early indications of a possible reversal. The 9-period EMA is close to crossing above the 21-period EMA, and the price is approaching the 55-period EMA. A confirmed bullish crossover of these moving averages would strengthen the case for further upside, potentially targeting the $460 resistance level. A move to that level would represent a 16% gain from its current price of $395.

Litecoin (LTC)

Litecoin (LTC) recently surged nearly 30% in less than a week, rebounding from the critical support zone near $80. This move allowed it to break above the previous support level at $103, which had turned into resistance. With its Relative Strength Index (RSI) at 64 on the four-hour chart, momentum appears strong.

The bounce from $80 caused the 9, 21, and 55-period EMAs to stack into a bullish formation, confirming a short-to-medium-term shift in momentum. The price is now approaching the mid-range resistance at $115. If Litecoin can overcome this barrier, it could open the door for a retest of higher resistance levels at $125 and subsequently $136.

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