VIRTUAL price wakes up as post-breakout momentum builds, eyes $4 next

The price of Virtuals Protocol woke up after weeks of lateral action, potentially following $ 4 if the momentum persists.

Virtual protocol (VIRTUAL) The price is 20% in the last 24 hours, currently negotiating at $ 1.45, the volume increasing by more than 100%. Today’s push extends the rally that started on April 25, when the virtual price broke out of the range from $ 0.4 to 0.8, where it consolidated from mid-March, after breaking up the steep trend that followed ATH $ 5.07 on January 2. Since leaving this consolidation beach, the virtual has increased by more than 60%.

The price has been negotiated above EMA-20 and SMA-50 for a week now, because Momentum is more and more optimistic, with RSI more than 80 and the MacD line well above the signal line. He also moved around SMA-100, signaling a long-term structure lag. The BBW is growing again, indicating that volatility is going to the graph.

The break seems to be motivated by the recent introduction to the launch of Genesis, a token distribution mechanism Designed for users, developers and developers on board and AI agents in the Virtual ecosystem. This mechanism allows users to spoil points in exchange for a potential allowance of 37.5% of the total offer of tokens reserved for the presale. The allowances are determined dynamically according to the share of each participant on the total of the promised points, with a hard ceiling of 0.5% of the total offer of tokens per user. Since users must also commit virtual tokens next to their points (up to 566 virtuals per entry, including a 1%tax), the mechanism has directly increased token demand.

Another probable catalyst behind today’s overvoltage was the announcement from the virtual list on Binance.WE. Deposits on the basis (BASE) The network opened its doors yesterday, with negotiation for virtual pair / USDT officially launched today.

For the future, the next immediate target is around $ 1.80, which corresponds to a level of resistance to the previous support. The next probable target is close to $ 2.70, lining up on the price range of the initial breakdown area in February. If the momentum persists, it could reach $ 4, the first significant low after ATH and the point of intersection with the descending trend line.