Virtuals Protocol Announces Strategic Partnership to Boost Gaming Ecosystem

In a significant development, Virtuals Protocol revealed a new strategic partnership with a leading blockchain gaming studio.

Virtuals Protocol (CRYPTO:VIRTUAL) saw a 15% price surge on Friday, reclaiming the $2 level after a recent dip below it.

What Happened: Virtuals Protocol saw its price surge by 14.98% in the past 24 hours, rising to $2.11 at press time.

This rebound follows concerns that the altcoin might be losing momentum after a minor setback last week. However, technical indicators and on-chain metrics suggest that the cryptocurrency’s bullish run may continue.

The daily chart reveals that VIRTUAL’s price has been forming a U-shaped recovery since April’s correction. The token is currently approaching a critical resistance near $2.22, which also represents the neckline of a cup-like pattern signaling a potential breakout.

The Chaikin Money Flow (CMF) indicator, which measures buying and selling pressure, remained above its zero line during this period. This bounce signals accumulating buying interest, a positive sign for further price appreciation. Should this buying pressure persist, VIRTUAL could push toward the $3 mark in the near term.

On-Chain Metrics Highlight Rising Fundamentals: On-chain metrics also point toward strengthening fundamentals for VIRTUAL. Price-Daily Active Addresses (DAA) divergence, a key metric measuring network activity relative to price, surged by nearly 400% over the past week.

According to Santiment data, this divergence indicates a substantial rise in user engagement, which often precedes or supports price rallies.

Furthermore, the Bull Bear Power (BBP) indicator, which assesses whether buyers or sellers dominate, has consistently shown bullish signals. The BPP histogram remained above zero, implying that buyers currently hold control over market dynamics. This dominance could facilitate a move past the resistance near $2.81.

If VIRTUAL successfully breaks this resistance, it may test the Fibonacci retracement level near $3.38. Conversely, failure to surpass $2.24 could trigger a correction back toward $1.44, invalidating the bullish thesis.