The cryptocurrency VIRTUAL has surged by 12% in the last 24 hours, reaching its highest level since late June. This rise confirms the end of a consolidation phase, paving the way for promising prospects for investors.
The Virtuals (VIRTUAL) protocol has seen its price increase by 12% over the last 24 hours, currently trading at $1.91. This marks its highest daily close since late June, with transaction volume surging by 67%. This rise confirms a breakout from the consolidation range that kept the token between $1.50 and $1.80 for most of July.
The price is currently breaking through its bearish trendline and, more importantly, its daily POC at $1.81. This strong signal could carry VIRTUAL toward new highs in the coming weeks.
If VIRTUAL’s price closes above $1.81 on significant volume, it would confirm a technical breakout, paving the way for a potential move toward the resistance at $2.50, representing a 32% increase from the current price.
Subsequently, the token could reach between $2.9 and $4 in the coming weeks, according to the MRC.
VIRTUAL’s bullish action coincides with significant protocol developments, strengthening the case for continued movement toward $2.50. Notably, the protocol recently expanded to Ethereum (ETH), and the first Genesis agent, IRIS, a security agent powered by real-time artificial intelligence driven by Nethermind’s AuditAgen, has been natively deployed on Ethereum.
Additionally, Grayscale Investments recently added VIRTUAL to its brand new artificial intelligence crypto sector index, which aims to track the best-performing assets in the sector.
This rise in VIRTUAL’s price represents a crucial moment, reinforced by key protocol developments, opening the door to promising new prospects for investors.
In summary, the VIRTUAL cryptocurrency has reached a decisive milestone with this 12% increase, confirming its exit from a consolidation phase. The significant progress of the protocol, particularly its expansion to Ethereum and the deployment of its Genesis AI agent, strengthens the bullish outlook. If VIRTUAL manages to close above $1.80, the path will be clear for a potential rally up to $2.50 and beyond.
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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