Key notes
- Virtual has increased by 17% in the last 24 hours, currently negotiating at $ 1.47.
- The recent launch of Genesis has increased demand for the virtual protocol.
- An escape from the resistance trend signals in January renewed the bullish momentum for the token.
Virtuals protocol
VIRTUAL
$ 1.48
24h volatility:
16.5%
COURTIC CAPESSION:
$ 967.74
Flight. 24 hours:
$ 542.48 M
Recently exploded, displaying a 150% rally in the last seven days. According to data provided by CoinmarketCap, the token is now negotiated at $ 1.47, up 17% in the last 24 hours.
The main fuel behind this wave seems to be the first to launch Genesis – a tokens distribution mechanism aimed at integrating users, developers and AI agents in the wider virtual ecosystem.
The launch of Genesis operates on a point -based point -based system, allowing users to highlight points (and virtual tokens) in exchange for a photo at 37.5% of the total token supply. He has a hard allowance ceiling by user and a commitment requirement of up to 566 virtual tokens per entry.
This launch stimulated activity on the chain and an increase in speculative purchases in anticipation of higher evaluations. The analysis data of an analysis reveals that the number of active active portfolios for virtual agents increased by 95% in just five days.
Despite the high increase in price, chain income has increased from more than $ 1.5 million in January to less than $ 50,000 in April. The most radical decline is in the application of the basic virtual protocol, contributing almost nothing to $ 500,000 earlier this year.
However, AI feeling agents remain active, autonomously generating more than $ 420,000 in income.
Virtual prices
On the daily virtual graphic, Price recently broke out with a large line of downward resistance that had capped the price movement from its summit of $ 5.07 in January.
Virtual price board | Source: tradingView
This escape, confirmed last week, led prices to the horizontal resistance of $ 1.46, now tested as a new potential support.
The RSI is deeply located in the excessive region, signaling a very optimistic but overheated market. Historically, such levels often lead to short -term corrections. If the 72nd largest cryptocurrency does not hold the current levels, it could see a support for $ 1.00.
Virtual price board | Source: tradingView
Meanwhile, Bollinger strips have widened considerably, with a price action leading to the upper strip. If the virtual is durable above $ 1.45, the next key resistance is nearly $ 2.80, a 100% possible gain in current levels.
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Cryptographic journalist with more than 5 years of experience in the industry, Parth has worked with the main media in the world of crypto and finance, the collection of experience and expertise in space after having survived bear markets and bulls over the years. STHTH is also an author of 4 self-published books.
Parth Dubey on LinkedIn
