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The Virtuals Protocol price is up 42% in the last week despite a minor 24-hour retracement to trade at $1.97 as of 10:15 p.m. EST as traders go long on the crypto.
The recent gains by the VIRTUAL price have added to the altcoin’s impressive monthly performance. As a result, the crypto is now in the green by more than 238% on the 30-day time frame.
Virtuals Protocol Price Hovering Under Resistance, Will It Overcome The Level?
Daily chart for VIRTUAL/USD (Source: GeckoTerminal)
The Virtuals Protocol price is hovering just below a major resistance level at $2.1292, according to data from GeckoTerminal. VIRTUAL has attempted to break this barrier multiple times in the past few days, but bears have been able to defend the level. Nevertheless, bulls are still trying to push VIRTUAL up, and if they succeed, it could lead to a rally to as high as $2.9686.
However, the Virtuals Protocol price failing to clear the $2.1292 mark within the next couple of days could prompt impatient traders to sell their holdings in the crypto. This might expose the altcoin to the risk of plunging to the nearest support at $1.2387. In an extreme case, VIRTUAL could even erase its gains from the last week and fall to $0.4755 if the sell volume persists.
Technicals Warn A Virtuals Protocol Price Correction Might Be Looming
Technical indicators on the daily chart such as the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) warn the Virtuals Protocol price might drop in the next 24 hours.
That’s as the MACD line attempts to break below the MACD Signal line. If this intersection happens, it will trigger a major bearish technical flag that might indicate VIRTUAL has entered a negative cycle. Traders could end up reacting negatively to this technical event, and might start to short the altcoin.
Buyers already seem to be losing strength on the Virtuals Protocol price chart, as suggested by the drop in RSI readings in the last 48 hours. While the latest reading for the indicator is still bullishly above the neutral 50 mark, the downward slope of the RSI line warns sellers might continue to chip away at buyers’ strength in coming days.
As technicals flash warning signs for the Virtuals Protocol price, investors are FOMO buying a new AI agent crypto rival called MIND of Pepe (MIND) before its presale ends in 16 days.
Several experts have shared their bullish outlooks for MIND. Among them is an analyst at the 99Bitcoins YouTube channel, which has over 725K subscribers. In a recent video, the analyst predicted 10X gains for MIND after its launch that is just over 2 weeks away.
The First AI PEPE To Enter The Market Soon
MIND of Pepe is a new meme coin that aims to make its mark in the crypto space. To do this, the project comes with both AI agent crypto appeal and meme coin appeal. MIND also has brading inspired by the beloved PEPE, which is the third largest meme coin by market cap.
At the core of the project is a cutting-edge AI agent. This intelligent computer model, which went live on X on May 10, is capable of spotting new trends in the market. It achieves this by plugging directly into social platforms and DeFi protocols, and constantly watching out for any early signs of trend changes.
If the AI agent spots something, whether it be a change in trend or a completely new trend, it immediately alerts MIND holders through token-gated groups. This gives the project’s backers an edge over other traders and investors in the market.
Not only does the MIND of Pepe AI agent watch out for trend changes, it can also launch its own tokens that align with the changing trends in the market. After creating a new crypto that the AI thinks can gain market traction, the computer model then hypes it up online, trades the token, and reinvests any profits it makes back into MIND.
Before it does any of that, it lets MIND holders buy into each new token before the rest of the market, giving them an added edge and also setting them up for potential parabolic gains if the tokens take off.
FOMO Frenzy Erupts Around MIND’s Presale
A FOMO frenzy has erupted around MIND’s presale, which has raised over $9.2 million, with just 16 days left until the ICO ends.
Interested investors can buy MIND for $0.0037515 apiece via the simple widget embedded on its website using either ETH, USDT, BNB, USDC, or bank card, but time is running out, so investors will want to hurry.
Tokens can also be staked for a 246% APY
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