After 40 days of uncertainty, the U.S. government shutdown appears to be nearing an end. U.S. senators have struck a bipartisan agreement to end the longest government shutdown in U.S. history.
While macro financial markets remained bearish over the past month, the crypto market witnessed sharp volatility and many tokens benefited. Therefore, BeInCrypto focused on three tokens among these top performers that have the potential to continue rising after the shutdown ends.
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Zcash (ZEC)
ZEC emerged as one of the best performing altcoins during the US government shutdown. As the privacy token narrative strengthened, investor demand soared, with ZEC posting an impressive 756% increase.
Currently trading at $634, ZEC looks poised to continue its upward trajectory towards the $700 mark. A successful breach could pave the way for $800, with the next target potentially being $1,000. The Chaikin Money Flow (CMF) indicator suggests continued inflows, supporting the likelihood that the bullish momentum will continue.
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However, CMF levels are currently in a saturation zone above 0.20, and a reversal usually occurs when profit-taking begins. If this trend repeats, ZEC could fall below $600, break through the $478 support, and fall below $400, which could invalidate the current bullish outlook.
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Virtual protocol (VIRTUAL)
VIRTUAL has become one of the most talked about altcoins in recent weeks. The token has risen 101% since late October, reflecting strong investor confidence. Market sentiment suggests VIRTUAL could maintain its momentum as interest in AI-powered crypto projects increases as it approaches a potential golden cross.
As one of the leading companies in the AI agent space, Virtuals Protocol continues to attract attention from both retail and institutional investors. An upcoming golden cross (when the 50-day EMA crosses the 200-day EMA) could push VIRTUAL above $1.54 and $1.65 and eventually aim for the $2.00 mark.
However, if investors become more eager to take profits, the VIRTUAL price may lose its footing. A decline below $1.37 could push it towards $1.14, erasing recent gains and invalidating the bullish outlook.
Coming soon (soon)
SOON emerged as one of the top breakout tokens during the US government shutdown, surging 462% since October 1st. Its core strength lies in its high-performance Solana virtual machine (SVM) rollup ecosystem that expands blockchain adoption through cross-chain interoperability and layer 2 integration across Ethereum and other chains.
The project’s approach resonated with users and led to a rapid rise in the native token. Currently trading at $2.12, SOON is showing bullish momentum and the parabolic SAR is showing an uptrend. Holding $2.03 as a support floor could push the token towards $3.00 in the short term.
However, profit-taking could cause a short-term correction. If selling pressure increases, SOON price could fall to $1.39, and if the support fails to hold, it could fall to $1.04. Such a move would invalidate the current bullish outlook.
