Virtual Protocol Coin Price Jumps 30%: Will $VIRTUAL Hit $2?

Today was a huge day for Virtual Protocol coin price as it jumped big. As per CoinMarketCap, the token is now trading around $1.08, which is a 31.51% increase in just one day.

Its market value also grew a lot, now standing at $708.27 million, while the 24-hour trading volume exploded by 256%, hitting $522.89 million. Let’s catch on why everyone is talking about it and analyze its future prediction.

What the Virtual Protocol Coin Price Chart on KuCoin Shows

If you check the TradingView chart, you’ll see this altcoin is looking strong. It’s trading around $1.084 today with a 17% gain. The trading volume is good (2.11 million), showing that real buyers are active.

Source: TradingView

• MACD Indicator: It shows a bullish crossover, which usually means the price could keep rising.
• RSI Indicator: The RSI is now at 78, which is a bit high. When RSI is above 70, it’s called overbought, meaning a small dip might happen before the price goes up again.
• Volume: A lot of buying volume today, which confirms that the move is real and not just fake hype.

Reasons Why Virtual Protocol is Rising

There are a few big reasons why its price is pumping today:

1. Oversold Bounce: After falling hard from $5 to $0.70, the price was really cheap. Buyers grabbed the chance.
2. Strong Volume: More people are buying today, so demand is rising.
3. Genesis Update: The team fixed a mistake with token distribution and announced a compensation plan.
4. New Launch: BasisOs, a new feature, went live on this platform, adding more use cases.
5. Technical Breakout: The price broke above the old sideways range, which triggered a lot of buy orders.
6. Another reason helping the price could be the recent excitement around it, after its $VIRTUAL Binance listing.

All of this made the price shoot up today.

Virtual Protocol Price Prediction: Will It Reach $2 Soon?

Short term Forecast: In the next few days, if the momentum stays strong, the price could go to between $1.30 and $1.45. But because RSI is overbought, there could be a small drop first before it climbs again.

Long term $VIRTUAL Coin Price Prediction: If it keeps growing, this altcoin might even hit between $1.80 and $2.00 soon. But if the market turns bad, it might stay stuck between $0.85 and $1.50.

As per my crypto experience and analysis overall, the altcoin market is showing strong momentum, with tokens like SUI price also pumping recently.

Important Price Levels to Watch

• Support: $1.00 is the most important level to hold if the price dips.
• Resistance: $1.30 is the next target, and if it breaks that, $1.50 could be the next big goal.

Big Crypto Analyst Also Bullish on This Token: A famous crypto expert named Rekt Capital posted on X that Virtual Protocol has broken out of its downtrend and confirmed it last week. He said the uptrend is in progress and dips to key zones could be good chances to buy.

Source: Rekt Capital

Conclusion

Before lying low after a huge crash, Virtual Protocol coin price was on the come-back trail. The MACD shows buying momentum, while the rising volume indicates that real buying is happening.

If the support at $1.00 remains and updates keep coming, the token can rally above even higher. Keep your eyes on the market because it changes fast and do your own research before investing

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