• VIRTUAL hits a new ATH at $2.96, trading at $2.93 with a 25.31% daily increase.

  • Market cap surges to $2.92B; trading volume rises 25.68% to $258.88M.

Virtuals Protocol (VIRTUAL) soared to a new all-time high (ATH) of $2.96 today. The token is now trading at $2.93, marking a 25.31% increase over the last 24 hours. Its market cap surged to $2.92 billion, up 25.29%, while 24-hour trading volume hit $258.88 million, reflecting a 25.68% rise. The market cap ratio stands at 8.68%, indicating healthy trading activity.The on-chain analyst reported on X that a suspected VIRTUAL market maker has deposited 3.235 million VIRTUAL (approximately $8.68 million) into Bybit Exchange over the past 24 hours. This address was previously identified as a market maker for the cross-chain gaming project Portal, though its exact identity remains unclear. Currently, the address still holds $2.6 million worth of VIRTUAL, highlighting significant market participation and possible liquidity management.

Technical Indicators Show Strong Momentum

Virtuals Protocol’s chart indicates strong bullish momentum. The Relative Strength Index (RSI) stands at 82.58, signalling overbought conditions. The RSI average line trails at 73.15, showing growing upward pressure. The Moving Averages (MA) confirm this bullish trend. The 14-day MA is positioned below the current price, supporting continued upward movement.

A significant breakout above the $2.96 resistance level could drive VIRTUAL toward new highs. If the price sustains above this level, it could target $3.50 as the next major resistance. On the downside, immediate support lies near $2.50. A failure to hold this level could see VIRTUAL retracing to $2.20, where buying interest may reemerge.

The moving average crossovers are bullish. The short-term 9-day MA has crossed above the longer-term 21-day MA. This crossover indicates strong upward momentum and a favorable outlook for VIRTUAL. Historically, such crossovers have preceded significant price rallies.

The combination of technical indicators and growing market interest supports a bullish case for Virtuals Protocol. If the RSI remains elevated and the trading volume sustains its upward trend, VIRTUAL could break above current resistance levels. However, traders should monitor support levels closely for potential pullbacks.Highlighted Crypto News TodayBinance Says Memecoins Are More Than Just a Fad