Bitcoin, Ethereum? No, VIRTUAL is carrying all the eyeballs today. This cryptocurrency has carved a path flying 5% over the last 24 hours while the rest of the market struggles to keep itself above the water. Is it the dawn of a new king of crypto?
A sea of red was prevailing across states with major asset classes, and Virtual Protocol’s token stood out like a brilliant diamond in this otherwise stormy market by trading at $1.78, truly bullish.
VIRTUAL Climbs on Renewed Capital Inflows
VIRTUAL/USD sees whispers of bullish momentum on the daily chart. Chaikin Money Flow (CMF), with the tide turning, has surged above the zero line to mark a strong inflow of capital into the security. Does this mean the rise has just dawned on its long way toward sustained rally?
VIRTUAL CMF. Source: TradingView
VIRTUAL/USD gives an impression of a pending bullish breakout. The daily chart murmurs of possibilities as the Chaikin Money Flow goes up from the neutral zone, painting resurgent buying power ready to press need liquidity into the sky.
Is serious money pouring in for VIRTUAL? Chaikin Money Flow (CMF) above zero confirms it: capital is flowing in. This isn’t just any petty change; this is coming out of nearly every corner, an expression to growing confidence and sweeping enthusiasm from investors raising VIRTUAL high.
Thus, the Supertrend indicator stands tall as the unwavering guardian of the bullish sentiment. Below VIRTUAL’s current price at $1.19, it acts as a dynamic support area, providing a window that perhaps paves the way for continued upside momentum. Picture the Supertrend as a compass that draws from volatility to find the market’s way; along such a line, a trader, confronting risk of choppy seas, can find a clear signal.
VIRTUAL Super Trend. Source: TradingView
Think of the Super Trend indicator as a compass that directs you toward profit. The faster the price movement above this line, the clearer the “go” signal comes for a bullish run. We have a market engine now speeding upward, with massive buying power to drive this upward move, so grab it and ride the wave!
VIRTUAL Eyes Breakout as Bulls Target $2.26
VIRTUAL is about to touch $2 on a wave of market optimism. Can it take the resistance from $2.05? Should it do so decisively, a scorching rally might take off, launching VIRTUAL into a new phase of development. Watch closely.
In this scenario, the altcoin’s value could reach $2.26.
VIRTUAL Price Analysis. Source: TradingView
However, if demand falls and profit-taking soars, the Virtuals Protocol token risks losing its recent gains and falling to $1.55.
Thanks for reading VIRTUAL Token Tops Daily Gainers on Buying Pressure Targets $2 Breakout
