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- 📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
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Is Virtuals Protocol (VIRTUAL) Set to Soar Higher? Chart Resembles SOL's Bullish Fractal
Date: Mon, May 05, 2025 | 12:15 PM GMT After a rough start to 2025 — where even Ethereum (ETH) dropped by 45% in Q1 — the crypto market is finally showing signs of revival. ETH has rebounded nearly 31% since its April 9 bottom, and this bullish momentum is rippling across the altcoin space. One standout in this rally is Virtual Protocol (VIRTUAL), the project known for enabling AI agent-based token creation. VIRTUAL has made a stunning comeback, climbing an eye-popping 218% over the past 30 days. But what's even more fascinating is a fractal forming on the charts — one that closely resembles Solana’s (SOL) explosive move from late 2023.
Source: Coinmarketcap VIRTUAL Chart Mirrors SOL’s 2023 Fractal On the left, Solana (SOL) in late 2023 formed a classic rising wedge pattern — typically a bearish setup. However, instead of breaking down, SOL defied expectations and exploded nearly 96% higher after pushing through a key horizontal resistance zone (marked in blue).
SOL and VIRTUAL Fractal Chart/Coinsprobe (Source: Tradingview) On the right, $VIRTUAL is now showing an eerily similar structure. After a sharp run-up, it's consolidating in a rising wedge, testing a familiar blue resistance band — just like SOL did. What's Ahead? If VIRTUAL continues to mirror SOL’s playbook, a breakout above the $1.88 resistance could ignite another leg upward — possibly targeting $3.50 to $3.60, marking a similar 96% rally from current levels. But traders should stay alert. A drop below the 50-day moving average (~$1.60) may invalidate the bullish setup and signal a short-term cooldown. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a professional before making investment decisions.