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- VIRTUAL rose by over 10% over a single 24-hour period
- VIRTUAL risking liquidation of heavy leveraged orders at $3.10.
Virtuals Protocol (VIRTUAL) registered a hike in price recently, with the altcoin climbing from around $2.95 and peaking at $3.22. This movement represented a 10.57% hike within just one day, with its market cap hitting $3.22 billion too. .
Despite a 5.78% drop in daily trading volume to $290.57 million, the volume-to-market cap ratio remained healthy at 9.05% – A sign of robust trading activity.
The altcoin’s recent performance is.a sign of investor optimism. This pointed to a strong market position for VIRTUAL, potentially impacting its future price trajectories.
VIRTUAL price action and prediction
Looking into the chart, VIRTUAL showed a compelling test of its ATH with attempts to surpass its resistance level. The price first peaked at $2 with a breakthrough at that level, setting the stage for further rallies with VIRTUAL hitting an ATH of $3.33.
The subsequent retreat from these highs, however, saw the price stabilize near $2, hinting at resistance-turned-support dynamics. This supported a bullish outlook, with VIRTUAL’s price action suggesting it could hit the $6-mark.
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