Virtual's price surged over 22% in a single day, driven by bullish market sentiment and increasing user engagement.
Virtual has captured the market’s attention with a massive 22.19% surge in just 24 hours, trading at $4.90 at press time. With its market cap rising to $4.89 billion and a trading volume jump of 38.45% to $520.01 million, this token is experiencing rapid momentum.Virtual’s price action is a testament to its strong bullish momentum, as seen on the 4-hour chart. The token has maintained an ascending trendline, breaking key resistance levels and pushing towards Fibonacci targets at $5.
23 and beyond. However, the slight retreat from $5.00 suggested that some traders were taking profits. Therefore, while the upward trend is clear, a short-term pullback could provide buying opportunities before the next leg up. The on-chain profit-to-loss ratio stood at a staggering 20.68 at press time, highlighting heightened profitability among traders. This surge in profitable transactions reflected strong market sentiment, often linked to sustainable upward trends. This bullish indicator may continue to attract more traders looking to capitalize on VIRTUAL’s momentum. However, elevated profit-taking could trigger brief corrections as the market cools. Virtual’s daily active addresses have surpassed 1,000, marking a significant increase in user engagement. This rise showcases growing interest and adoption within the Virtual ecosystem, which often contributes to long-term sustainability. Additionally, higher address activity suggested an expanding user base, reinforcing the token’s bullish case. However, sustaining this growth will depend on Virtual’s ability to maintain its upward trajectory and deliver on ecosystem expectations.Technical indicators suggested that the rally has room to run, but with caution. The RSI was at 75.12, indicating overbought conditions that could lead to short-term pullbacks. Additionally, the histogram’s expansion suggested growing buyer strength, making the current setup favorable for continued gain
VIRTUAL CRYPTO MARKET TRENDS BULLISH MOMENTUM USER ENGAGEMENT
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
VIRTUAL Token Shows Strength with Surge in Activity and Positive MetricsThe VIRTUAL token is experiencing a surge in activity and positive technical indicators, signaling a potential bullish breakout.
Read more »
HODL Token Soars on BNB Chain, But Bears LoomsHODL, a new token on the BNB Chain, has seen a recent surge in price but faces downward pressure as bearish indicators dominate technical analysis.
Read more »
PENGU Meme Token Soars, Bulls Dominate as Traders Eye Potential RevivalMarket sentiment for PENGU surged with rising Open Interest and favorable technical indicators. A whale accumulation of 79.9M tokens and a break above the $0.0385 resistance level fueled optimism. While social dominance dipped, increasing trading volumes and strong bullish signals from indicators suggest the rally may continue.
Read more »
AI Agents Drive Crypto to New Heights: VIRTUAL Soars, Marking First Commercial AI TransactionThe cryptocurrency market is witnessing a surge driven by AI agents, with VIRTUAL token experiencing a remarkable 300%+ price increase. This milestone is marked by the first-ever commercial transaction between AI agents, signifying a significant leap in AI-powered commerce. This trend is pushing AI applications into various sectors beyond finance, including tech, healthcare, logistics, and marketing.
Read more »
VIRTUAL Token Shows Strong Bullish Momentum Despite Market VolatilityVIRTUAL token is displaying impressive growth despite recent market volatility, with strong buying pressure and bullish momentum indicators.
Read more »
Bitget Token Surges 87.99% Amidst Market Downturn, Virtual Protocol and Pudgy Penguins Also See Impressive GainsBitget Token (BGB) saw a massive 87.99% increase this week, propelling it into high-cap territory with a market cap surpassing $10 billion. This surge occurred despite a broader market downturn, with investors favoring mid-cap tokens like BGB. Virtual Protocol (VIRTUAL) led the charge in the AI boom, surging 30% in a single day and reaching new all-time highs. Pudgy Penguins (PENGU) also witnessed a significant 32% increase, becoming the only memecoin in the top 20. However, questions remain about PENGU's sustainability as it trades below its opening week price.
Read more »