Demand for artificial intelligent agents has jumped in the last few months, helped by the potential market size and the hype. VIRTUAL price soared and became the best-performing cryptocurrency in 2024. So, will the Virtuals Protocol token continue rising or will it suffer a strong 25% reversal soon?
VIRTUAL Price Prediction: Faces Potential Downside Risks
The VIRTUAL token had a strong year as it surged from $0.057 in September to over $5 this week, a 10,500% increase. This surge was primarily driven by its ecosystem growth, especially the performance of G.A.M.E, Luna, and aixbt. It also happened because of the AI agent theme in the crypto industry.
The token faces potential risks that could lead it to more downside in the near term. For example, there are signs that it is forming a bearish divergence pattern on the daily chart. The Relative Strength Index (RSI) peaked in October and formed lower highs even as the coin surged.
Similarly, the Percentage Price Oscillator (PPO), which is
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