Crypto Overview: Broader market recovers as Near Protocol and Venice Token rally
Bitcoin holds above $77,000 as bearish pressure eases and altcoins lead a market-wide recovery. The crypto market’s average RSI rose to 49 from 42, signaling reduced selling and a greater chance of buyer control. Near Protocol (NEAR) extended gains—up over 8% on Friday after a 13% advance—trading above its 50- and 200-day EMAs with RSI near 82, while Venice Token (VVV) hit a record high (up 4% on Friday, +12% prior), sitting well above its 50- and 200-period EMAs. Technical indicators (positive MACD histograms, EMAs, and Fibonacci resistance/support levels) point to continued upside momentum for both tokens, though overbought RSI readings suggest possible short-term consolidation. A decisive VVV close above $18.96 could trigger a price-discovery leg toward $24.07. Overall, the piece is a technical-analysis driven market commentary indicating a bullish tilt as selling pressure wanes.