I’ve been tracking Virtuals Protocol’s price closely, and today’s surge is hard to ignore. The price soared 35.8% in the past 24 hours, zooming past short-term resistance and adding to a week of powerful gains.
Traders and investors are buzzing on social media, urged by news of x402 protocol integration with Coinbase’s AI payment standards. A notable uptick in whale accumulation and decisive buy-side momentum. These factors seem to have ignited fresh enthusiasm. Seeing such swift action, I can sense the FOMO building as technical signals point to further movement incoming.
Looking at the technicals, VIRTUAL’s price push above $1.37 marked a clean breakout of the Fibonacci 23.6% retracement level. Thereby flipping an important resistance into support. The daily price ranged from $1.82 to $1.33, reflecting strong volatility alongside increased activity. Market cap shot up 34.9% to $1.17 billion, and 24-hour trading volume grew to $758 million.
On the charts, the RSI now sits at 60.7. This is comfortably bullish without venturing into overbought territory, hinting that the rally isn’t exhausted yet. Meanwhile, the MACD histogram flipped positive (+0.063). Successively, the Bollinger Bands expanded with price hugging the upper band, suggesting a strong trend but also pointing to possible short-term exhaustion if momentum dries.
For short-term traders, the current setup opens the door for FOMO-driven buying. But if the sentiment cools, the 61.8% Fibonacci retracement at $0.89 will be a crucial support to watch for any sharp pullbacks. The most critical level ahead is $1.90, a close above that could unlock a run toward $2.50.
Contrarily, if VIRTUAL price dips below $1.37, consolidation could take hold as buyers wait for a reset. It’s this push and pull at key levels that keeps the action dynamic and keeps me on my toes.
The rally comes from protocol upgrades, whale accumulation, and an overall bullish shift in technical momentum, which pushed VIRTUAL above key resistance levels.
Traders are closely watching $1.90 for a breakout, with $2.50 as the next upside target. If prices drop, $1.37 and $0.89 act as critical support zones.
With RSI not yet overbought and MACD positive, short-term momentum looks solid, but traders should monitor volume and sentiment shifts, especially around $1.90 resistance.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The Pakistan government has accelerated its web3 adoption through a strategic collaboration with Binance. The…
The crypto market turned red today as the majority of tokens recorded almost no gains…
Ripple CEO Brad Garlinghouse announced on X that the company has received conditional approval from…
Bitcoin continued to trade in a narrow range on Monday, with price action showing little…
An interesting debate around XRP has resurfaced after ETF analyst Nate Geraci raised a question…
Ripple, a leading crypto-focused fintech company, has partnered with AMINA Bank to enable near real-time…
