Virtuals Protocol (VIRTUAL) Price Surged 12% Eyeing $2.00 Mark?
- Virtuals Protocol price, showing a bull trend on the daily chart, surged 12% in the last 24 hours.
- The token holds above key EMAs, indicating the overall trend remains bullish despite the market correction.
The technical picture for Virtuals Protocol (VIRTUAL) looks appealing. As per CMC data, it currently hovers around $1.85, with a 24-hour gain of 12%, reaching an intraday high of $1.88, showing a positive trend. In late December 2024 and early January 2025, the value of the altcoin soared to $5.11, but it later went into a long correction and fell to $0.40.
VIRTUAL is presently going through an important technical turning point. The token’s price has been supported near $0.40, which has not given way during several retests in February and March. The support zone is about 92% below the January highs, which indicates that the market has gone through major deleveraging and profit-taking.
Based on moving averages, the current price is above the 50-day and 200-day major exponential moving averages, which shows the trend is still bullish. The VIRTUAL price is moving closer to the $1.90-$2 range, which could mean a reversal if bulls manage to break through these levels. For the price to move up, it must break the $2.00.
What’s Next For VIRTUAL Price?
The RSI is currently at 55.35, which shows that the momentum is neutral and has recovered after being oversold earlier in the year. From this reading, investors can see that selling pressure is decreasing, so the market is moving toward a balance between buyers and sellers. The RSI moving over the 50 midline may indicate that bullish momentum is developing if it holds.
The Awesome Oscillator is currently at -0.1085, but the histogram bars indicate that the recent bars have less negative momentum, which could be a sign of bullish divergence. This technical indicator points out that downward pressure is easing and could be followed by a change in momentum.
Resistance can be found at $2.00 and $2.50, which is a powerful psychological level. If the price breaks above $2.00, it could encourage more buyers and might result in a challenge of higher resistance zones. If the token fails to maintain its current price, it may test the important support at $0.40, which could determine its future.
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Virtuals Protocol (VIRTUAL) Price Surged 12% Eyeing $2.00 Mark?
- Virtuals Protocol price, showing a bull trend on the daily chart, surged 12% in the last 24 hours.
- The token holds above key EMAs, indicating the overall trend remains bullish despite the market correction.
The technical picture for Virtuals Protocol (VIRTUAL) looks appealing. As per CMC data, it currently hovers around $1.85, with a 24-hour gain of 12%, reaching an intraday high of $1.88, showing a positive trend. In late December 2024 and early January 2025, the value of the altcoin soared to $5.11, but it later went into a long correction and fell to $0.40.
VIRTUAL is presently going through an important technical turning point. The token’s price has been supported near $0.40, which has not given way during several retests in February and March. The support zone is about 92% below the January highs, which indicates that the market has gone through major deleveraging and profit-taking.
Based on moving averages, the current price is above the 50-day and 200-day major exponential moving averages, which shows the trend is still bullish. The VIRTUAL price is moving closer to the $1.90-$2 range, which could mean a reversal if bulls manage to break through these levels. For the price to move up, it must break the $2.00.
What’s Next For VIRTUAL Price?
The RSI is currently at 55.35, which shows that the momentum is neutral and has recovered after being oversold earlier in the year. From this reading, investors can see that selling pressure is decreasing, so the market is moving toward a balance between buyers and sellers. The RSI moving over the 50 midline may indicate that bullish momentum is developing if it holds.
The Awesome Oscillator is currently at -0.1085, but the histogram bars indicate that the recent bars have less negative momentum, which could be a sign of bullish divergence. This technical indicator points out that downward pressure is easing and could be followed by a change in momentum.
Resistance can be found at $2.00 and $2.50, which is a powerful psychological level. If the price breaks above $2.00, it could encourage more buyers and might result in a challenge of higher resistance zones. If the token fails to maintain its current price, it may test the important support at $0.40, which could determine its future.
Highlighted Crypto News Today:
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