January 8, 2025
Virtuals Protocol (VIRTUAL) has surged 133% in the last 30 days, driven by the meteoric rise of crypto AI agents. However, it has seen a 6% dip in the past 24 hours, suggesting a potential pause in its upward momentum. Uncertainty Looms Currently with a $4 billion market cap, VIRTUAL is now the third-largest AI coin, behind RENDER and TAO. The ADX is at 13.3, indicating weak trend strength, and the BBTrend has turned negative at -1.51, signaling possible consolidation. In fact, the ADX for VIRTUAL has dropped to 13.3, signaling a weakening trend and potential consolidation. With minimal trend momentum, the price may stay range-bound unless a shift in market pressure occurs. BBTrend Turns Negative After a positive run, VIRTUAL saw its BBTrend turn negative at -1.51, reflecting bearish sentiment. This change, following a peak of 20.5 on January 4th, suggests that selling pressure has overtaken buying activity, potentially leading to further consolidation or downward movement. If VIRTUAL breaks the $3.73 support level, further declines to $3.27 and $2.81 are possible. However, the ongoing AI hype could sustain interest, and if bullish momentum returns, VIRTUAL may challenge resistance at $4.59, potentially pushing past $5.
