- Virtuals Protocol (VIRTUAL) confirmed a bullish breakout from a descending channel, supported by strong investor demand.
- RSI above 70 indicates continued bullish sentiment with potential upside toward $1.65 or $2.00.
- Market analysts expect momentum to persist as VIRTUAL forms a higher-low structure and strong on-chain activity.
Virtuals Protocol (VIRTUAL) recorded a 105% price increase in four days, its highest level in two months. This followed a breakout from a descending channel pattern, due to growing market momentum and renewed investor confidence.
Technical Breakout Confirms Bullish Reversal
Popular crypto enthusiasts Captain Faibik on X noted that the VIRTUAL/USDT pair has confirmed a descending channel breakout on the daily chart. The token broke above the upper boundary near $1.25–$1.30, supported by a strong bullish candle, which indicates heightened buying pressure.
The chart projects a potential 142% upside from the breakout level. The analyst emphasized that maintaining support near the retest zone is essential for further continuation toward $3.00 .
Short-term charts show VIRTUAL undergoing a healthy correction, with Fibonacci levels at $1.41 and $1.36 acting as support zones and providing a base for a potential rebound.
Momentum Indicators and Market Behavior
The Relative Strength Index (RSI) is above 70, in the overbought conditions and with sustained bullish activity. Traders have shown confidence by maintaining high trading volumes across major exchanges.
Analysts observed that a break above $1.54 could accelerate gains toward $1.65 and $2.00, while maintaining strength above $1.36 signals resilience in the trend.Correlation data indicates a moderate relationship between VIRTUAL and Bitcoin, standing at 0.52, which could influence near-term trading behavior depending on Bitcoin’s direction.
Long-Term Vision and Market Sentiment
Commenting on the project’s progress, Virtual enthusiasts Sal | 萨 shared on X that Virtuals’ strategy aligns with a long-term “AI + crypto” narrative. He described the project’s resilience through market cycles as “trading time for momentum.”
The statement underlines Virtuals Protocol’s approach of consistent iteration amid shifting market attention, aiming to remain a key player when the next AI-driven wave emerges.As momentum consolidates above the breakout zone, Virtuals Protocol (VIRTUAL) continues to attract attention from traders anticipating a sustained uptrend.
