Virtual Protocol (VIRTUAL) has seen a significant surge, breaking key psychological barriers and reaching new highs. Technical indicators suggest continued bullish momentum, with analysts predicting potential movement towards the $2 mark in the coming weeks if buying trends sustain. 📈
The token’s impressive rally, which increased by 23.2% to hit $1.43, has been fueled by growing interest in its AI x Metaverse narrative and recent partnerships. Trading volume spiked due to FOMO behavior and investor confidence, bolstering the $1.10–$1.30 support zone.
Technical analysis highlights a bullish pennant formation following this latest leg up, with potential breakout targets around $1.80-$2.00 if sustained with strong trading volume. 📊 Similar patterns seen in mid-cap altcoins like RNDR and OP during Q1 2025 suggest positive outlook.
Technical indicators are also supportive: the RSI sits at a level of 93, indicating overbought conditions but not exhaustion; the MACD is showcasing potential bullish momentum. The 10-day MA and 60-day MA are trending upwards, while the Golden Cross indicates a strong medium-term signal.
Can VIRTUAL revisit the $5 zone in 2025? While previous highs were followed by a sharp correction, current market momentum is pushing prices higher. If it breaks past $1.80, subsequent resistance levels of $2.20, $3.00, and finally $4.61 will be tested. A sustained market trend fueled by strong Bitcoin performance could push prices towards the $5 mark by late 2025.
However, traders should also consider retracement risk – a drop to $1.10-$1.20 wouldn’t invalidate the bullish outlook but might shake out weaker hands. Scalpers might be drawn to bounces at these levels, while swing traders may hold for larger price movements.