As Q3 kicks off, the cryptocurrency market continues to show impressive growth following gains in Q2. Ethereum has become the frontrunner, significantly increasing in value.
Growth of the Cryptocurrency Market in Q2
With Ethereum trading around $2615 and showing a 75% increase over the past 90 days, many altcoins are also poised for potentially significant movements.
Technical Analysis of Virtuals Protocol
Virtuals Protocol (VIRTUAL) has already climbed over 200% in the past 90 days. The formation of a striking fractal pattern is noteworthy, reminiscent of the one seen in Chainlink (LINK) before its explosive rally in late 2024.
Prospects for Virtuals Protocol
To confirm the bullish fractal, VIRTUAL must reclaim the 200 MA and break above the $1.66 resistance with strong volume. If this breakout occurs, the fractal suggests a potential rally towards $4.00, aligning with LINK's previous price structure.
The cryptocurrency market continues to demonstrate growth, and interest in Virtuals Protocol highlights its potential. However, it is essential to watch for further movements and confirmations.
