The VIRTUAL token from Virtuals Protocol seems to be making good progress, as technical evidence suggests a marked rise is underway. In recent weeks, the cryptocurrency rose by 19%, climbing to $2.53 and taking its market capitalization close to $1.6 billion. This surge opens the way for VIRTUAL to move toward the $3.3 target price.

Key Takeaways:

• VIRTUAL moves past important resistance points and appears to be forming patterns that may keep rising toward its $3.3 mark.
• The addition of VIRTUAL to Grayscale’s AI crypto index shows the industry sees it as a valuable part of AI.
• Moving averages are close to a golden cross; historically, the .
• Earnings from NVIDIA and updates to selling rules support the recent breakouts in VIRTUAL, which make the stock a good trade.

Strong Performance Drives Market Interest

VIRTUAL has shown amazing growth by surpassing gains of over 500% since its yearly low. While remaining bullish, the token moves upward by breaking different resistance levels across a range of timeframes. As the volume of trading goes up, investors seem to have more confidence in the project’s future.

Grayscale’s AI Crypto Index gets a boost as VIRTUAL is added by institutional approval. This move confirms where this token stands in the rising AI cryptocurrency sector. What’s more, the index monitors 20 important digital assets for AI, revealing where VIRTUAL fits in.

Technical Analysis Reveals Bullish Signals

Several major technical signs show that VIRTUAL is on an uptrend. As part of a U-shaped recovery, the token creates a bullish engulfing candle. Furthermore, after breaking above $2.22, the cryptocurrency outlines new support areas.

When we see an ascending triangle, it means the momentum is still positively with the buyers. Right now, VIRTUAL shares are trading above both their 50-day and 200-day moving averages, which is positive. Experts see how the moving averages are approaching a golden cross, a sign of high bullish power.

Momentum Indicators Support Upward Movement

The main line going above the signal line triggers a positive signal through MACD. Usually, this happens when more buyers are active and prices keep going up. Investor interest is also shown by the fact that the Relative Strength Index has been going higher.

VIRTUAL technical chart indicates that $2.78 may be the main resistance on the way up. Because it hits the 50% Fibonacci retracement price, this point makes sense for taking profits. Should prices rise over $2.78, it will become easier for Bitcoin to hit its ambitious $3.38 target.

Market Catalysts Drive Future Growth

‘The release of NVIDIA results encourages further growth in AI-centered cryptocurrencies, one of which is VIRTUAL. The leading semiconductor maker is expected by analysts to report strong growth, more than 65%. For this reason, good news from NVIDIA frequently raises optimism throughout the AI and cryptocurrency sectors.

Virtuals Protocol adds TP Cooldown History to enhance what users can do. Updates from the team show how important development and engagement are to them. Consequently, more people become interested in the platform, which benefits the project and increases what tokens can do.

Conclusion

Calculations from technical analysis set a realistic target of $3.38, worth 38% more than where the coin stands today. People trading should watch for the $2.78 zone as a possible indicator of rejection. A drop might happen back to $2.22 support if selling pressure rises. Even so, the technical indicators continue to suggest further advances.