VIRTUAL, the native token of Virtuals Protocol, is making serious moves. It jumped 12% in the last 24 hours to trade at $1.88, marking its highest daily close since late June and signaling a potential trend shift.
Breaking the Range
After spending most of July stuck between $1.50 and $1.80, VIRTUAL has finally broken out, with trading volume soaring by 67%. The breakout brings it to the upper boundary of a descending channel near $1.90, a level that has capped price action since mid-May.
This descending channel looks like the classic “flag” portion of a bull flag pattern, with the “flagpole” being VIRTUAL’s previous rally from $0.50 to $2.50. If the token can secure a daily close above $1.90 with strong volume, it would confirm a technical breakout and potentially set the stage for a run back to $2.50, a 32% gain from current levels.
Why the Sudden Momentum?
The bullish price action isn’t just about charts. There’s real development behind it:
- Protocol Expansion: Virtuals Protocol just expanded to Ethereum, adding to its cross-chain credibility.
- New AI Agent: It launched IRIS, a real-time AI security agent built using Nethermind’s AuditAgen, deployed natively on Ethereum.
- Institutional Nod: Grayscale recently included VIRTUAL in its new Artificial Intelligence Crypto Sector Index, aimed at tracking the top performers in the AI-token space.
🔥 What’s Next?
If momentum holds and bulls push past that $1.90 resistance, the next major level to watch is $2.50 the top of the flagpole and a key psychological zone.
With both technicals and fundamentals aligning, VIRTUAL might just be gearing up for a major breakout in the coming days.
