VIRTUAL Price on the Verge of a Breakout? 3 Bullish Signs Say “Yes”
VIRTUAL price shows three bullish signs suggesting an imminent upward breakout after a recent 88% rally.Summary
Virtuals Protocol (VIRTUAL) has consolidated near $1.45 following an 88% weekly surge, but technical indicators suggest a potential continuation of the rally. The first bullish sign is the formation of a bullish flag pattern on the 12-hour chart, reinforced by a hidden bullish divergence on the Relative Strength Index (RSI), indicating weakening selling pressure. The second sign is the impending crossover where the 50-period Exponential Moving Average (EMA) is set to cross above the 100-period EMA, coinciding with the price testing the upper boundary of the flag, providing double confirmation. The third indicator is the rising Smart Money Index (SMI), showing quiet accumulation by informed traders preceding the potential move. If VIRTUAL breaks above $1.60, targets could reach $3.61 or $3.92, though resistance lies near $1.97 and $2.95. Invalidation of this setup would occur if support at $1.37 or $1.17 fails.
(Source：BeInCrypto)