VIRTUAL price hits new high and then falls back. After short-term adjustment, it will usher in the next round of crazy growth!!!
At the beginning of this month, the price of Virtuals Protocol (VIRTUAL) was $3.92, and yesterday it hit a record high of $5.26. Unfortunately, the market failed to continue this momentum. In the past 24 hours, the price of VIRTUAL has fallen back by at least 10.6%. The main reason for this adjustment is that a large number of investors took profits. According to data, VIRTUAL holders have made more than $28 million in profits.
On the technical side, VIRTUAL's RSI value entered the overbought area on December 31 and hit a high of 76.86 on January 1, suggesting that the market may face a reversal. In addition, the super trend indicator shows that $5.15 is the current important resistance level.
Experts predict that if VIRTUAL breaks through the resistance level of $5.15, the price is expected to rise to $7; but if the resistance level holds, the price may fall back to $3.85.
Despite the short-term correction, the strong performance of AI tokens indicates the potential of the AI market in 2025. As the market continues to develop, Virtuals Protocol remains a focus worth paying attention to.
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