Virtual Soars, Climb Higher, 12%: Is This the Start of Something Big?

Virtual (VIRTUAL) protocol experiences a 12% surge, fueled by Ethereum expansion and AI integration. Is it poised for a major breakout?

Virtual Soars, Climb Higher, 12%: Is This the Start of Something Big?

Virtual (VIRTUAL) is making waves, with a recent 12% price jump signaling a potential breakout. Fueled by strategic protocol developments, including an expansion to Ethereum and the integration of AI-powered security, is VIRTUAL ready to climb even higher?

Breaking Through Resistance

The VIRTUAL protocol has witnessed a significant surge, increasing by 12% in the last 24 hours and currently trading at $1.91. This marks its highest daily close since late June, accompanied by a 67% surge in transaction volume. This rise confirms a breakout from the consolidation range that kept the token between $1.50 and $1.80 for most of July. The price is currently breaking through its bearish trendline and, more importantly, its daily POC at $1.81. This strong signal could carry VIRTUAL toward new highs in the coming weeks.

Key Developments Driving the Surge

This bullish momentum isn't just hype. VIRTUAL's price increase aligns with significant protocol advancements. The recent expansion to Ethereum (ETH) and the deployment of IRIS, a Genesis AI agent powered by Nethermind’s AuditAgen, are major steps forward.

Adding fuel to the fire, Grayscale Investments recently included VIRTUAL in its new artificial intelligence crypto sector index. This recognition from a major player like Grayscale lends further credibility to VIRTUAL's potential.

What's Next for VIRTUAL?

If VIRTUAL manages to close above $1.81 on significant volume, a technical breakout would be confirmed, potentially paving the way for a move toward the $2.50 resistance level – a 32% increase from its current price. According to the MRC, the token could even reach between $2.9 and $4 in the coming weeks.

A Promising Outlook

VIRTUAL's recent 12% surge is more than just a number. It represents a pivotal moment for the cryptocurrency, confirming its exit from a consolidation phase. The significant progress of the protocol, particularly its expansion to Ethereum and the deployment of its Genesis AI agent, strengthens the bullish outlook. If VIRTUAL manages to close above $1.80, the path will be clear for a potential rally up to $2.50 and beyond.

Final Thoughts

So, is VIRTUAL poised for even greater heights? Only time will tell, but with these recent developments and the current market momentum, things are definitely looking up. Keep an eye on VIRTUAL – it might just surprise you!