Virtual Protocol (VIRTUAL) Soars 195% In April: Will The Rally Continue Or Face a Pullback?

• Virtuals Protocol became the top-performing coin of the month and week, with gains of nearly 195% and 150%, respectively
• Virtuals Protocol’s market cap surged 156.29% in April, crossing the $1 billion mark
• Daily active wallets on Base Network dropped 84.9% from January highs, & Solana saw a 79.3% decline, showing reduced user activity despite price gains.
• The RSI hit 84.75 and MACD shows a bullish crossover, as traders eye $2.00–$2.20 as a key zone for potential correction or breakout.
• DEX volume rose 683% in two weeks to $27.6M but remains 89.7% below January’s peak of $267.5M, reflecting low market depth.

Virtual Protocol, $VIRTUAL coin is trading at $1.73, with a market cap of $1.13B and a 24-hour trading volume of $652.85M, reflecting a 32.66% increase in price and a 98.70% surge in volume.

From Hype to Hold: Virtual Agent Creation Hits a Plateau After Early Surge

Looking at the “AI Agents Created (Cumulative)” chart, we can see that demand for creating AI agents in the Virtual Ecosystem has cooled off over time. After a rapid spike from 68 agents in October to 16K agents by mid-January — a rise within just 3 months — the numbers have since plateaued, holding steady between 16K and 17,695 agents for the past 4 months.

This indicates that while there was an initial FOMO-driven rush, possibly fueled by hype or speculation, the market has now settled into a consolidation phase.

Virtual Protocol Sees Sharp Drop in Daily Active Wallets Despite Expansion to Solana

Virtuals Protocol, has seen a steep decline in user engagement, measured by daily active wallets (DAWs), despite expanding from Coinbase’s Base chain to Solana.

On January 2, 2025, the protocol recorded its peak activity with 58,641 DAWs on Base and 2,562 on Solana, totaling 58,641. However, by April 20, DAWs had dropped over 61% to 22,315 on Base and 241 on Solana—totalling 22,556, Making it  a two-month high.

The decline continued through April 30, with DAWs falling to just 8,328 on Base and 529 on Solana, amounting to 8,857 users—a sharp 84.9% drop from the January peak.

Virtuals Protocol Sees 200% Price Jump, But DEX Volume Remains Weak

Despite a 200% price rally over the past two weeks, Virtuals Protocol’s trading volume on decentralized exchanges shows only a modest recovery.

On April 16, 2025, total DEX volume was $3.52 million — $3.29M on Base and $229K on Solana. Two weeks later, on April 29, volume rose to $27.6 million, with $26.4M on Base and $1.17M on Solana.

While this marks a 683% jump in volume, it’s still nearly 90% lower than the January peak of $267.5 million — signaling weak market participation despite the price hype.

Parabolic Surge in VIRTUALUSD Nearing Exhaustion: Key Profit Zone Ahead for Crypto Traders

Looking at the VIRTUALUSD chart and its on-chain behaviour, the asset is displaying a classic parabolic curve structure, with three completed bases fueling a sharp vertical rally. This began around April 10, breaking Base 1 ($0.60), Base 2 ($1.10), and Base 3 (~$1.40) to reach a high of $1.97 by May 1. This aggressive upside suggests the market is entering the Final pump, where $2.00–$2.20 is the projected Sell Point.

This Sell Point is a crucial level to watch—not only due to technical exhaustion, but because RSI is now extremely overbought at 84.75, signalling that price may soon reverse or consolidate. Additionally, the MACD continues to show a strong bullish crossover with widening histogram bars, confirming momentum, but the angle is steep, indicating a possible cooldown ahead.

If the parabolic rally sustains, VIRTUALUSD could reach its previous high of $2.60 by MAy 1st week. However, a failure to break $2.20 could trigger a healthy retracement to support levels at $1.40 and $1.10. Traders should monitor volume and momentum closely while managing profit-taking strategies near the peak zone.