Virtuals Protocol (VIRTUAL) Price Target $5.4 as AI Token Continues to Surge

Virtuals Protocol [VIRTUAL] has gained 28.68% in the past 24 hours and there was no stopping the AI token. Its trading volume was up by 102% at press time and

Virtuals Protocol (VIRTUAL) price surged another 28.68% on Monday, December 23, continuing its rally despite the volatility in the past week. The AI token showed no signs of slowing down.

According to data from CoinMarketCap, VIRTUAL was trading at $2.85 with a 24-hour trading volume of $402,000,000. The token’s price surged 90.06% in the past week, while it was up by 2,200% in the past 30 days.

Virtuals Protocol prices target $5.4

VIRTUAL/USDT 4-hour chart on December 23 | Source: TradingView

Virtuals Protocol price was seen rallying toward a key resistance level at $2.95. A four-hour session close above this level would signal a bullish continuation. However, the RSI was seen forming lower highs, while the price pushed higher at press time. This divergence could indicate the market was overextended.

If demand remained strong, there might not be a pullback, as not all divergences lead to notable price drops.

Virtuals Protocol price performed well despite the market sell-off

Total altcoin market capitalization excluding Ethereum (ETH) | Source: TOTAL3 on TradingView

The altcoin market capitalization (excluding ETH) began to recover on Monday, but its structure was still bearish. While the total alt market cap dropped 17% in seventeen days, Virtuals Protocol prices were up 90%.

The high relative strength for VIRTUAL was a firm sign that more gains were likely to follow.