Near Protocol (NEAR), Virtuals Protocol (VIRTUAL), and Morpho (MORPHO) have become the focal point of the market rebound, each posting double-digit gains over the past 24 hours and leading renewed bullish sentiment across the crypto space.
From a technical perspective, NEAR continues to widen its breakout from a descending channel pattern, reinforcing a positive reversal signal. VIRTUAL is holding firmly above its 50-day EMA — a key support level reflecting sustained upward momentum. Meanwhile, MORPHO is approaching and testing a crucial resistance zone, opening the possibility of a fresh rally should buying pressure remain strong.
This positive development comes as Bitcoin (BTC) climbs more than 4% over the same period, trading above the $69,000 mark. The recovery momentum is spreading across the market despite escalating geopolitical tensions between the U.S., Israel, and Iran, suggesting that investor sentiment is gradually leaning toward a more optimistic short-term outlook.
Near Protocol Targets Higher Upside After Breakout
Near Protocol (NEAR) is up more than 2% at the time of writing on Tuesday, extending the impressive 18% surge recorded in the previous session. On the daily logarithmic chart, NEAR has broken out of a prolonged descending channel pattern, signaling a potential reversal from its prior downtrend and paving the way for a more sustainable recovery.
The Layer-1 token is currently trading above its 50-day EMA at $1.2519, although it remains below the 200-day EMA at $1.8023. This structure suggests that short-term momentum favors the bulls, but the long-term trend still requires further confirmation.
Momentum indicators strengthen the positive outlook. The MACD has expanded into positive territory, with both the MACD and signal lines crossing above zero, reflecting improved bullish momentum. The RSI stands at 66, indicating strong buying pressure while gradually approaching overbought territory.
In a bullish scenario, NEAR is targeting the Pivot R2 level at $1.5100 as the nearest resistance. If successfully breached, the next objective would be Pivot R3 around $1.7600 — near the 200-day EMA.
On the downside, the 50-day EMA at $1.2519 — aligned with the previously broken descending trendline — serves as a key support level. Below that, the psychological $1.00 mark would act as an important cushion should profit-taking intensify.
Virtuals Protocol Gradually Strengthens Recovery Momentum
Virtuals Protocol (VIRTUAL) surged 11% on Monday, successfully reclaiming its 50-day EMA at $0.7107 — a technical signal that upward momentum is strengthening. At the time of writing, VIRTUAL is holding above $0.7500 and aiming toward $0.8795, a level last tested on January 28.
If a daily close above $0.8795 is confirmed, the rally could extend toward the 200-day EMA at $0.9790 — a zone near the significant psychological level of $1.00, where selling pressure may emerge.
Momentum indicators support the bullish case. The MACD and signal lines have crossed into positive territory, with a slightly expanding histogram reflecting gradually improving momentum. Meanwhile, the RSI remains around 61, below the overbought threshold, indicating further upside room.
On the downside, the 50-day EMA at $0.7107 is likely to serve as a crucial support level if it is successfully confirmed as a resistance-turned-support zone.
Morpho Faces Key Resistance Test
Morpho (MORPHO) is trading around $1.90 on Tuesday, extending bullish momentum after a more than 10% breakout in the previous session. The short-term technical picture clearly favors the bulls, as the price remains above both the 50-day and 200-day EMAs — both trending upward — hinting at the potential formation of a Golden Cross in the near future.
Momentum remains constructive, with the MACD and signal lines continuing to move within positive territory. Although the histogram shows signs of flattening, the overall structure does not yet indicate significant weakness. However, the RSI stands at 71 — in overbought territory — signaling strong demand but also warning of potential short-term corrective pullbacks.
Currently, MORPHO is testing the $1.9250 resistance level, corresponding to the high set on November 18. A convincing close above this threshold would reinforce the uptrend and open room toward the Pivot R1 level at $2.1647.
On the downside, the $1.6110 area — the previous breakout zone — serves as the nearest support. Deeper still, the 200-day EMA at $1.5349 is considered a critical buffer should market correction pressure emerge.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrency markets are highly volatile and involve significant risk. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions.
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