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The Virtuals Protocol price jumped 1% in the last 24 hours to trade at $2.02 as of 9:44 p.m. EST as investors start to slowly buy into the crypto.
With the recent uptick, the VIRTUAL price has pushed its performance over the longer-term monthly time frame to more than 16% in the green.
Virtuals Protocol Price Breaks Resistance, But Will It Continue To Rise?
4-hour chart for VIRTUAL/USD (Source: GeckoTerminal)
The Virtuals Protocol price was able to break above a resistance level at $2.0591, which it is now trying to establish a position above, according to data from GeckoTerminal. Should the altcoin continue to rise in the short term, it might try to challenge the next resistance level at $2.3185.
However, a drop to back below the $2.0591 mark within the next 12 hours could result in a more bearish scenario playing out in the short term. Traders might then start to short the Virtuals Protocol price, which could push the crypto down to the support level at $1.7997.
Bulls Are Slowly Taking Control Of The Virtuals Protocol Price
From a technical standpoint, indicators on VIRTUAL’s 4-hour chart suggest the altcoin might continue to rise in the coming few hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are showing early bullish signs.
A major bullish technical flag was triggered by the MACD in the last 24 hours, when the MACD line crossed above the MACD Signal line. This technical event is often interpreted as an indication that an asset has entered a short-term positive trend. As the gap between the two lines starts to grow, it seems VIRTUAL’s positive momentum is picking up steam as well.
Meanwhile, RSI readings have risen from oversold territory in the low 30s to the mid 40s over the past couple of days. This signals increasing buying power, and could give bulls the upper hand they need to push the Virtuals Protocol price up higher in the next 24 hours.
Traders will just want to keep an eye on the RSI, because it’s still below the neutral 50 mark. This suggests bears have a slight advantage. However, the recently triggered bullish flag by the MACD and the rise in RSI readings over the past few days suggests the RSI could break above 50 soon, swinging things definitely in favor of bulls.
As the Virtuals Protocol price tries to establish a position above $2.0591, investors are rushing to buy the presale for MIND of Pepe (MIND) before its launch in less than 24 hours.
Several experts have said they’re bullish on MIND, adding to the investor frenzy around the project. Among the analysts that anticipate great things for MIND’s future is popular YouTube channel 99Bitcoins, who said in a recent video to its over 723K subscribers that the meme coin could soar 10X after its launch.
Buy MIND To Get Exclusive AI-Driven Market Insights
Perhaps what has analysts and investors the most excited about MIND is its combination of AI utility and meme coin appeal. While the token’s branding has been inspired by the popular meme coin, PEPE, which is the third largest crypto by market cap, the project is more than just another light-hearted token.
At the core of the MIND of Pepe ecosystem is a self-learning AI agent, which launched in May, and is constantly monitoring social platforms and DeFi protocols. If this computer model detects even the slightest change in sentiment or on-chain activity, it immediately notifies MIND holders through token-gated groups.
Beyond just watching for new trends in the market, the AI agent can also launch its own tokens that it believes will fit each new trend. It then hypes these tokens up by autonomously engaging with influencers and other Web3 community members online.
Once the tokens’ traction reaches a certain point, the AI agent trades the cryptos and reinvests any profits back into MIND.
While MIND’s price could continue to rise off of the profits pumped back into the token by the AI agent, it is not the sole benefit for the project’s backers. With each new token launch, MIND holders also get to buy-in early, positioning them for potential parabolic gains.
Investors Have Last Chance To Buy MIND At Listing Price
MIND’s presale, which has raised over $12.1 million, is nearing its end ahead of the project’s launch tomorrow.
With just hours left, interested investors can acquire the token for $0.0037515 apiece via the simple widget embedded on the project’s website using either ETH, USDT, BNB, USDC, or bank card.
Anyone looking to buy before launch will want to hurry, with less than 23 hours left until MIND makes its open market debut.
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