I’ve been tracking Virtuals Protocol’s price closely, and today’s surge is hard to ignore. The price soared 35.8% in the past 24 hours, zooming past short-term resistance and adding to a week of powerful gains. Traders and investors are buzzing on social media, spurred by news of the x402 protocol integration with Coinbase’s AI payment standards.
There’s been a notable uptick in whale accumulation and decisive buy-side momentum. These factors seem to have ignited fresh enthusiasm among market participants. Seeing such swift action, I can sense the FOMO building as technical signals point to further movement incoming.
### VIRTUAL Price Analysis
Looking at the technicals, VIRTUAL’s price push above $1.37 marked a clean breakout of the Fibonacci 23.6% retracement level, thereby flipping an important resistance into support. The daily price ranged from $1.33 to $1.82, reflecting strong volatility alongside increased trading activity.
Market capitalization shot up 34.9% to $1.17 billion, while the 24-hour trading volume grew to $758 million. On the charts, the Relative Strength Index (RSI) now sits at 60.7. This is comfortably bullish without venturing into overbought territory, hinting that the rally isn’t exhausted yet.
Meanwhile, the MACD histogram flipped positive (+0.063), signaling growing upward momentum. Additionally, the Bollinger Bands expanded with the price hugging the upper band, suggesting a strong trend. However, this also points to possible short-term exhaustion if momentum dries up.
For short-term traders, the current setup opens the door for FOMO-driven buying. But if sentiment cools, the 61.8% Fibonacci retracement level at $0.89 will be a crucial support to watch for any sharp pullbacks.
The most critical resistance level ahead is $1.90. A close above this could unlock a run toward $2.50. On the other hand, if VIRTUAL’s price dips below $1.37, consolidation could take hold as buyers pause to await a reset.
It’s this push and pull at key levels that keeps the action dynamic—and keeps me on my toes.
https://coinpedia.org/price-analysis/virtuals-protocol-price-surges-past-1-79-as-traders-eye-1-90-breakout/
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