VIRTUAL coin price has gone up 18 percent within the last 24 hours as AI coins bounced back from the recent market dip. This good bounce has helped virtual coin prices recover the much-needed $2 billion market cap through positive sentiments in the AI sector.
VIRTUAL coin prices have surged 18% by recovering $2 billion worth of market capitalization as recovery signs emerge for AI coins following a sharp correction. Positively for the coin prices, technical indicators point out that the challenges are ongoing since the ADX is weak-momentum and since the BBTrend indicates sales pressure has eased only partially and not completely subsided. Some important levels of supports and resistances for VIRTUAL would be, say, the support at around $2.81 and resistances at the price of approximately $3.27.
VIRTUAL Coin Back to the Gain with AI Market Rebound
The VIRTUAL coin price had increased by as much as 18% within the last 24 hours to regain a market capitalization of $2 billion. This marks part of a broader recovery in AI coins coming from a correction in the recent market. Several people are following to see if it continues to pick up, despite the price being on an upswing at this point, some challenges still haunt VIRTUAL.
The ADX and BBTrend indicate that the recent upward momentum might not be entirely stable. This is more evident in the extreme drop of ADX, indicating weak momentum. BBTrend was also still negative; therefore, selling pressure is still there.
ADX Indicates Weak Momentum
The ADX of VIRTUAL coin price has recently declined to 16.3 from 26.8, indicating a weakening of strength in the trend. Generally, an ADX below 20 means that there is no strong trend, and this may reflect the indecision or consolidation in the market. Thus, VIRTUAL cannot establish an uptrend with its 18% price appreciation.
The ADX is one of the critical technical indicators showing the strength of a trend in place. This indicator does not indicate the trend direction but just the strength. In this example, if the ADX is less than 20, it refers to a weak trend, and VIRTUAL has had an indecision pattern regarding its price direction. For VIRTUAL to enter a solid uptrend, the ADX needs to break above 25, accompanied by sustained buying pressure.
VIRTUAL’s BBTrend Shows Easing Bearish Momentum
VIRTUAL’s BBTrend is another significant indicator of the price action for VIRTUAL. Since January 7, the BBTrend has been in negative territory, peaking at -37.2 before recovering to -24.4. This is still negative but improving, suggesting that the bearish momentum is weakening.
The BBTrend measures the price deviations about the Bollinger Bands and shows the strength of the trend. Negative values usually indicate a bearish trend, while positive values signal a bullish trend. Although VIRTUAL’s BBTrend is still negative, the upward movement from -37.2 to -24.4 shows that the market could be nearing stabilization, potentially indicating a shift toward neutral conditions.
If the BBTrend improves, it could be a sign that the selling pressure is beginning to ease, which could lead to a possible reversal or stabilization of VIRTUAL’s price.
Key Support and Resistance Levels for VIRTUAL Coin
As VIRTUAL coin price continues to navigate this period of market indecision, key support and resistance levels will play a crucial role in determining the coin’s future price movements.
The present support for VIRTUAL is at $2.81. In case the price goes below this mark, it will send the asset further down to the level of $2.23. There is, however a level of resistance at $3.27. Once VIRTUAL breaks past this barrier, it might test even higher levels up to the $3.73 mark. That would amount to 26% up from its present value.
Traders will closely watch these levels to see whether VIRTUAL breaks the current trend and sets an upward trajectory.
If the VIRTUAL coin price maintains its support at $2.81 and breaks through resistance at $3.27, a strong price movement upwards is very possible.
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VIRTUAL Price Prediction: Can it Gain 26%?
The VIRTUAL coin price has shown much potential over the last 24 hours but is still not doing well in maintaining upward momentum. If VIRTUAL can stay above the critical support level of $2.81 and break through the resistance at $3.27, it may see a 26% upside.
The short-term moving averages for VIRTUAL are indicating an upward trend. If the short-term averages do cross over the long-term averages, there will be a strong possibility that the reversal might turn out to be bullish and can lead to a “golden cross,” pushing the price even higher.
But just to remind traders again, for the strength of the uptrend, in VIRTUAL, the ADX must be higher than 25, and to overcome this resistance level, sustained buying pressure is the need.
Conclusion: VIRTUAL coin price surged by 18% within the last week as a recovery of AI coins after correction. According to ADX and BBTrend indicators, however, there are still numerous problems for this coin, and the growth rate will not be higher soon. This time, the focus will be drawn to key levels of support and resistance since those are the main decisions on whether VIRTUAL may continue growing without selling pressure or with market indecision.
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