Virtuals Protocol (VIRTUAL) has shown a significant price increase and heightened market interest over the past day.
Overview of Virtuals Protocol
Virtuals Protocol (VIRTUAL) experienced a 10.15% increase, reaching $1.59 after a high of $1.60. The market cap also rose to $1.04 billion, marking a proportional increase of 13.39%. The 24-hour trading volume reached $141.16 million.
Technical Analysis and Support
According to the daily chart, the price is reclaiming strength near $1.55, which now acts as key support. If the asset maintains this base, the next resistance zone will be around $1.77. A breakout past that ceiling could propel VIRTUAL toward $2.00. The RSI stands at 44.95, indicating upward momentum, although it remains below the neutral level of 50.
Current Market Situation
The circulating supply is 654.89 million VIRTUAL out of a total maximum supply cap of 1 billion; approximately 34.5% remains locked. The negative Chaikin Money Flow of -0.13 indicates capital outflows, although the slope has flattened, suggesting a potential recovery.
Virtuals Protocol (VIRTUAL) shows improving price indicators, growth potential, and trader interest, while also facing challenges due to capital outflows.
