The price of Virtuals Protocol woke up after weeks of lateral action, which may follow to $ 4 if the momentum persists.
Virtuals Protocol (Virtual) price is 20% in the last 24 hours, which is currently being traded at $ 1.45, with the volume that increases more than 100%. Today’s rise is expanding the rally that started on April 25, when the virtual price from the range of $ 0.4-0.8 broke, where it was consolidated from mid-March, after the outbreak of the steep Downtrend that followed after the ATH of $ 5.07 to 2 had hit 2 January. Since the outbreak of this consolidation range, virtual is around 60%.
The price has been acting above EMA-20 and SMA-50 for a week now, because the momentum always becomes bullish, with RSI on more than 80 and MacD line well above the signal line. It has also been moved over SMA-100, which indicates a shift in the long-term structure. The BBW is expanding again, indicating that the volatility is reflected in the graph.
The outbreak seems to be powered by the recent introduction of Genesis Launch, one Token -Distribution mechanism Designed to enter users, developers and AI agents on board the virtual ecosystem. This mechanism enables users to promise points in exchange for a possible allocation of 37.5% of the total token stock reserved for presale. Allocations are dynamically determined on the basis of the share of each participant in the total dedicated points, with a hard cap of 0.5% of the total tokento supply per user. Since users also have to commit virtual tokens in addition to their points (a maximum of 566 virtual per item, including a load of 1%), the mechanism has immediately increased the demand for the token.
Another likely catalyst behind today’s increase was the announcement from Virtual’s mention on Binance.us. Deposits on the Base (Base) Network were opened yesterday, with trade for the virtual/USDT pair that is officially launched today.
Looking ahead, the next direct target is around $ 1.80, which corresponds to an earlier support level of support. The next likely target is almost $ 2.70, in accordance with the price range compared to the initial demolition zone in February. If the momentum persists, it can reach $ 4, the first significant lower high after Ath and the point of intersection with the falling trend line.
