The price of the VIRTUAL token has shown significant growth over the past day, increasing by 12% and reaching $1.88. This is the highest close since late June.
VIRTUAL Price Movement
VIRTUAL's price reached $1.88, which is up 12% over the past 24 hours, with trading volume surging by 67%. This confirms a breakout from the consolidation range that held at $1.50 to $1.80 throughout most of July.
Technical Level Analysis
The current price is testing the upper boundary of a descending channel, which is near $1.90. This channel has been in effect since mid-May and represents part of a classic bull flag pattern. The flagpole formed due to a sharp move from around $0.50 to $2.50.
Virtuals Protocol Progress
The increasing interest in VIRTUAL is also related to protocol progress. It has recently expanded its operations to Ethereum, and the first Genesis agent - I.R.I.S., a real-time AI security agent, has been deployed natively on Ethereum. Notably, Grayscale Investments has added VIRTUAL to its new AI Crypto Sector Index.
The VIRTUAL token price, reaching $1.88, confirms a recovery and is testing a key resistance level. Protocol progress and external factors contribute to potential price growth in the future.
