VIRTUAL’s price has skyrocketed, cementing its position as the leader among AI crypto agents and now ranking 4th among the largest AI coins in the market, above WLD. With an impressive 536.03% increase in the last 30 days, VIRTUAL has also entered the Top 50 largest cryptocurrencies by market cap.
The coin’s rally has been fueled by strong momentum, pushing it to new all-time highs as it looks to break through new resistance levels. However, with its RSI in overbought territory, traders are keeping an eye out for potential corrections that could challenge its current bullish trajectory.
VIRTUAL's RSI shows overbought zone
VIRTUAL's RSI is currently at 83, a sharp increase from 60 just two days ago. The RSI is a key momentum indicator that measures the speed and magnitude of price changes on a scale of 0 to 100.
Values above 70 indicate overbought conditions, suggesting strong bullish momentum, while values below 30 reflect oversold conditions and potential undervaluation. VIRTUAL’s RSI is well above the overbought threshold, highlighting significant buying pressure as the asset moves towards new all-time highs.
RSI from VIRTUAL. Source: TradingView
Between December 12 and 14, VIRTUAL’s RSI remained consistently above 70, signaling strong momentum during this period. While this trend may continue in the coming days as VIRTUAL attempts to break new highs, remaining above 70 for an extended period is challenging and often unsustainable.
Such a high RSI suggests the possibility of a correction as buyers may eventually take profits, relieving upward pressure on the price. Traders should be on the lookout for a possible pullback in the near term.
Virtual BBTrend is still on the rise
VIRTUAL’s BBTrend is currently at 38.4, up significantly from -0.01 on December 14. This sharp increase indicates a substantial shift in momentum, highlighting strong bullish activity.
BBTrend, derived from Bollinger Bands, measures price momentum and trend direction. Positive values suggest uptrends, while negative values indicate bearish pressure. A move into firmly positive territory shows the strength of VIRTUAL's current uptrend.
BBTrend da VIRTUAL. Fonte: TradingView
After reaching levels around 36 on December 15, VIRTUAL’s BBTrend stabilized at 38.4, signaling sustained bullish momentum. This elevated BBTrend value suggests that VIRTUAL is in a strong uptrend, with the price action likely supported by continued buying pressure as the narrative surrounding AI crypto agents becomes more popular.
However, the stabilization indicates a possible plateau at the moment, which traders should closely monitor for signs of further acceleration or potential consolidation in VIRTUAL's price trend.
VIRTUAL Price Prediction: Will It Drop Below $2?
VIRTUAL price is currently hitting new all-time highs, showing strong bullish momentum despite its high RSI levels. If the uptrend continues, VIRTUAL could break through key resistance levels and test $3.5 or even $3.75 in the near term, solidifying its position as the best-performing AI coin over the past month.
VIRTUAL Price Analysis. Source: TradingView
However, if the uptrend loses steam, a correction could occur, with VIRTUAL price potentially testing support levels at $2.28 and $1.99. If these supports fail to hold, the price could drop further to $1.34, marking a significant pullback.
The article VIRTUAL skyrockets 536% and becomes one of the top 50 cryptos was first seen on BeInCrypto Brazil.
