CandleFocus VIRTUAL Surges to New All Time High Signals Further Upside Potential
2024-12-16
Author: Content Editor
Virtuals Protocol (VIRTUAL) has reached a new all-time high of $2.96, with a 25.31% increase in the last 24 hours. It currently trades at $2.93 and has a market cap of $2.92 billion. Trading volume has also seen a significant increase of 25.68%. An on-chain analyst reported a suspected market maker depositing $8.68 million worth of VIRTUAL into Bybit Exchange. The address still holds $2.6 million worth of VIRTUAL. The chart indicates strong bullish momentum, with the RSI signaling overbought conditions. A breakout above the $2.96 resistance level could lead to further highs, while immediate support lies around $2.50. The moving average crossovers are also bullish, suggesting continued upward movement. Technical indicators and growing market interest support a bullish case for VIRTUAL, but traders should be cautious of potential pullbacks.
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