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The Virtuals Protocol price soared 27% in the last 24 hours to trade at $3.06 as of 11:40 p.m. EST on trading volume that skyrocketed 119% to $498 million.
Virtuals Protocol Price On A Bullish Trend
The VIRTUAL/USD chart on the 4-hour timeframe reveals that the Virtuals Protocol price is in a predominantly bullish trend, supported by a strong sequence of higher highs and higher lows.
Recently, a double-bottom pattern—a classic bullish reversal formation—has been identified near the $2.50 level. This pattern signals a shift from bearish to bullish momentum, according to GeckoTerminal data.
Following the breakout from the double-bottom neckline, the VIRTUAL price surged above the 50-day Simple Moving Average (SMA) and is now trading well above the 200-day SMA, reflecting strong upward momentum. Additionally, the sustained increase in volume during the breakout validates the bullish reversal.
Notably, the price of Virtuals Protocol has retested the breakout level, confirming support before continuing higher. This combination of bullish chart patterns and confirmed breakouts suggests further upside potential.
The Relative Strength Index (RSI) currently stands at 65.55, just below the overbought threshold of 70. This level suggests strong momentum but leaves room for additional upward movement before entering overbought territory. A steady RSI above 50 confirms bullish momentum.
Meanwhile, the blue Moving Average Convergence Divergence (MACD) line is positioned above the orange signal line, and both are in positive territory, indicating bullish momentum. The histogram also shows increasing bullish momentum, further supporting the case for price appreciation.
Virtuals Protocol Price Prediction
Given the bullish signals provided by the double-bottom breakout, the positioning above the moving averages, and the confirmation from the RSI and MACD, the Virtuals Protocol price appears poised for further gains.
The immediate resistance level lies near $3.50, which represents the next key psychological and technical barrier. A break above this level could propel the VIRTUAL price toward the $4.00 target.
However, traders should monitor the RSI for overbought conditions, as any breach above 70 could signal a potential short-term pullback. If the price retraces, key support levels to watch are at $2.64 (50-period MA) and $2.50 (breakout zone of the double-bottom pattern).
As the VIRTUAL price soars, so, too, is investment flooding into the new presale meme coin Flockerz (FLOCK).
According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, FLOCK has the potential to soar 100X after its launch.
Flockerz Presale Blasts Past $7.6 Million – Last Chance To Buy
Flockerz is in the final 29 days of its ICO after raising $7.6 million and momentum strengthening as the presale comes to an end.
Flockerz sets itself apart from other meme coins by introducing a Vote-to-Earn system (V2E). This system puts decision-making power in the hands of token holders and rewards them for participating.
The underlying framework of Flockerz is anchored in a decentralized autonomous organization (DAO) called Flocktopia, where every holder’s voice matters.
The flock isn’t messing around! Our Vote to Earn system is serious business! 🐦👋 pic.twitter.com/mrWNyKrPy7
— Flockerz (@FlockerzToken) December 16, 2024
To participate in the voting process, users must buy FLOCK tokens. When a new suggestion is presented, members of The Flock vote.
Apart from V2E rewards, users can earn passively through the platform’s staking mechanism, which offers a sky-high annual yield of 360%.
Investors interested in joining the presale can visit the official Flockerz website to buy FLOCK tokens at the current price of $0.006504 each using BNB, ETH, or USDT.
You can also make a purchase using your bank card. Buy before the presale ends in about 29 days to secure the best deal.
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