CandleFocus

VIRTUAL price rises as ecosystem tokens AVA, LUNA, aixbt surges

Author: Content Editor
The Virtuals Protocol token experienced a rebound on January 14, rising 32% after forming a doji candlestick pattern. Most tokens in the Virtuals Protocol ecosystem also saw gains, such as G.A.M.E, Luna, aixbt, Sekoia, Acolyte, TAOCat, and WAI Combinator. This rebound coincided with a broader rally in the cryptocurrency market, particularly in the AI agent sector. However, it is uncertain whether these gains will hold, as it could be a temporary recovery before a continuation of the downtrend. Profitable investors have sold most of their tokens, posing a risk for Virtuals Protocol. The token has been in a strong bearish downtrend but has formed bullish reversal indicators, such as a long-legged doji candlestick pattern and a falling wedge pattern. If these patterns hold, the token may stage a strong rebound with a potential upside of 40% to the next resistance level at $4. However, a drop below $2.2260 would invalidate the bullish outlook, with $1.50 as the next key support level.

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