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Virtuals Protocol (VIRTUAL) Bulls Charge Ahead, Eyeing $5 Barrier
After its all-time high at $5.13 in December 2024, Virtuals Protocol has shown a strong pattern of technical recovery. After a long stretch of falling prices, VIRTUAL has now started an upward trend that seems to be holding.
The daily chart shows that March saw the start of an accumulation phase, where the price stayed between $0.40 and $0.80. It took about two months of base building before the recent rise above $2.00. This showed that both institutional and retail investors became interested again
As per CMC data, the Virtuals Protocol is currently trading at $2.45, which is a significant improvement from its March lows. Looking at moving averages, the price trend seems to be turning around. The shorter-term averages are rising, but the longer-term ones are levelling off, which could mean the downtrend is coming to an end. The price has returned above the 50-day and 200-day EMAs, which is a major sign of bullish strength.
What’s Next For Virtuals Protocol?
The social sentiment shows a reading of 0.2280, which means many traders are cautiously positive but not overly excited. This level of measured sentiment is good for the market, as it means the current rise is not due to excessive speculation.
Resistance levels to pay attention to are $3.99 and the previous high at $5.13. Support is found at $2.00, and the next level is near $0.80, where the price consolidated in March. Long positions look promising as long as traders use stop-losses below $2.00.
VIRTUAL seems to be in the first phase of a possible multi-month recovery, with a strong base for further increase toward its earlier highs.
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