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The Virtuals Protocol price surged 8% in the last 24 hours to trade at $2.45 as of 5:56 a.m. EST as investors rush to buy the crypto.
With the recent gain, the VIRTUAL price is now up more than 25% in a week and over 116% in the past month.
Virtuals Protocol Price Breaks Resistance, How High Will It Go?
Daily chart for VIRTUAL/USD (Source: GeckoTerminal)
The Virtuals Protocol price has broken above a major resistance level at $2.1247 in the last 24 hours, data from GeckoTerminal shows. Should the altcoin close today’s trading session above this barrier, it could continue to rise in the short term. As a result, traders might push VIRTUAL up to as high as $2.7005.
On the other hand, a drop to back below the $2.1247 mark could invalidate the bullish thesis. In this more bearish scenario, the Virtuals Protocol price might look for the support of the $1.6496 mark. In an extreme case, the crypto could even fall to as low as $1.0594.
Technicals Suggest The Virtuals Protocol Price Might Keep Climbing
From a technical standpoint, indicators on VIRTUAL’s daily chart suggest the Virtuals Protocol price might continue to rise in the next 48 hours, with both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) showing positive signs.
Looking at the MACD, the indicator is on the verge of triggering a major bullish technical flag, with the MACD line looking to cross above the MACD Signal line. If these two lines intersect, it could indicate that VIRTUAL has entered a short-term bullish phase. Traders might then react positively to the technical event and start to push the Virtuals Protocol price up.
Meanwhile, the RSI has risen over the past 48 hours, signaling strong buying pressure. Now, the indicator is at around 70. This suggests the Virtuals Protocol price is in overbought territory.
While a high RSI is often seen as a sell signal and could lead to a pullback or correction, the RSI does sometimes stay in overextended conditions when a crypto is pumping. The positive slope of the RSI line and the technical flag that’s on the verge of being triggered by the MACD suggests this might be the case in this instance.
As the Virtuals Protocol price tries to keep its bullish move going, investors are also piling into the presale for a new meme coin called MIND of Pepe (MIND) before its presale ends in less than 4 days.
An analyst at the 99Bitcoins YouTube channel, which has over 723k subscribers, predicts MIND could skyrocket 10X after launch.
Buy MIND To Unlock AI-Powered Market Insights
MIND of Pepe is a new meme coin that comes with high levels of utility. This is because the project introduces a cutting-edge AI agent.
The intelligent computer model, which was launched earlier this month, is constantly on the lookout for new trends in the crypto market. It plugs directly into social platforms and DeFi protocols, where it monitors sentiment and on-chain activity in real-time.
If the MIND of Pepe AI agent detects any changes, it shares its insights with MIND token holders through token-gated groups. This gives the meme coin’s backers an edge over other traders and investors in the market.
Taking it one step further, the MIND of Pepe AI can even launch its own tokens that align with each new trend it identifies. It then promotes them online by engaging with influencers, trades the tokens, and reinvests any profits it makes back into MIND, all autonomously. With each new crypto created, the AI lets MIND holders buy in early.
MIND Of Pepe Presale Heads For $11 Million, Just Days Left Before Launch
MIND of Pepe has raised over $10.6 million through its ongoing ICO, signaling strong investor confidence in the project’s future. With the project’s powerful AI, high levels of utility, and meme coin appeal, it’s easy to see why an investor frenzy has erupted around MIND’s presale.
Interested investors can still get in at this ground stage of the project by purchasing MIND via the simple buy widget embedded on the project’s website. Selling for $0.0037515, MIND can be bought with either ETH, USDT, BNB, USDC, or a bank card.
Once bought, MIND tokens can also be staked for a 219% annual return.
Anyone looking to buy will want to do so before the presale ends in less than 4 days.
Learn more about MIND of Pepe.
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