VIRTUAL is showcasing bullishness with a 5% intraday increase in the last 24 hours.
RSI at 62.43 shows healthy momentum without overbought conditions, leaving room for further upside.
Virtuals Protocol targets resistance at $3.99 and $5.13, and support is established at $2.00
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.
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