{"id":612832,"date":"2024-12-24T07:40:15","date_gmt":"2024-12-24T07:40:15","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=612832"},"modified":"2024-12-24T07:40:15","modified_gmt":"2024-12-24T07:40:15","slug":"virtuals-protocol-price-prediction-virtual-soars-27-as-this-peoples-meme-coin-ico-offers-last-chance-to-buy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/virtuals-protocol-price-prediction-virtual-soars-27-as-this-peoples-meme-coin-ico-offers-last-chance-to-buy","title":{"rendered":"Virtuals Protocol Price Prediction: VIRTUAL Soars 27% As This People\u2019s Meme Coin ICO Offers Last Chance To Buy"},"content":{"rendered":"

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.<\/span><\/p>\n

Virtuals Protocol Price On A Bullish Trend<\/h2>\n

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. <\/span><\/p>\n

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 <\/span>GeckoTerminal<\/span><\/a> data.<\/span><\/p>\n

Following the breakout from the double-bottom neckline, <\/span>the <\/span>VIRTUAL price<\/span><\/a> 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.<\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

\"Virtuals
VIRTUALUSD Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

Virtuals Protocol Price Prediction<\/h2>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

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).<\/span><\/p>\n

As the VIRTUAL price soars, so, too, is investment flooding into the new presale meme coin <\/span>Flockerz (FLOCK)<\/span><\/a>. <\/span><\/p>\n

According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, FLOCK has the potential to soar 100X after its launch.<\/span><\/p>\n