VIRTUAL Plunges 7% After Reaching a New ATH of $3.71
- VIRTUAL is currently trading at $3.45, with a market cap of $3.46 billion.
- The 24-hour trading volume stands at $320.64 million, reflecting a slight decline.
Virtuals Protocol (VIRTUAL) reached a new all-time high of $3.71 before retreating 6.25%. The token is currently trading at $3.45 with a market cap of $3.46 billion, marking a 6.35% drop over the past 24 hours.
The 24-hour trading volume is $320.64 million, reflecting a slight decline of 1.48%. With a fully diluted valuation (FDV) matching its market cap, VIRTUAL has a circulating supply of 1 billion tokens, equating to its total and maximum supply. The market cap ratio stands at 9.3%, indicating strong liquidity.
Key Levels and Market Indicators
On the daily chart, VIRTUAL faces resistance at $3.72 and finds support near $3.18. If the price surpasses $3.72, it could test $4.00. Conversely, a breakdown below $3.18 may push the token towards $2.74.
The Relative Strength Index (RSI) is at 66.24, signaling a bullish momentum. However, the RSI average at 65.87 suggests the trend could consolidate soon. Moving averages (MA) indicate a positive trajectory, with the 9-day MA at $3.18 and the 21-day MA at $2.74. The crossover of the 9-day MA above the 21-day MA reinforces the bullish sentiment.
The moving average crossover signals potential upside if bullish momentum sustains. Breaking above resistance at $3.72 could lead to price discovery above $4.00. A failure to maintain support at $3.18, however, may shift sentiment toward bearish territory.
The technical indicators show strong market activity, supported by consistent trading volumes. RSI near the overbought zone suggests buyers dominate, but profit-taking could induce short-term corrections.
Highlighted Crypto News Today
Bitcoin (BTC) Slides to $93K Amid Strong Selling Pressure
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hedera Token Sees $2B Trading Spike Amid 5% Rally
ChatGPT’s head of product to testify in the DOJ’s antitrust case against Google
Share link:In this post: ChatGPT’s head of product, Nick Turley, has been added as a witness for the United States Department of Justice (DOJ) in its antitrust case against Google. Nick Turley is the latest addition to the witness list that features representatives from Perplexity and Microsoft. Google ramps up preparation for Turley’s testimony by asking for documents related to the hearing from OpenAI through a subpoena.
SEC charges New York blockchain engineer over GME rug pull fraud
Share link:In this post: Eric Zhu settled SEC fraud claims for orchestrating a rug pull scheme involving Game Coin. Zhu allegedly misappropriated $553K by moving unlocked liquidity provider tokens to his control. The case marks one of SEC Chair Gary Gensler’s final enforcement actions.