VIRTUAL Price Soars 18% as AI Coins Recover
As AI coins recover from the recent correction, virtual currency prices have surged more than 18% in the past 24 hours, regaining a market capitalization of $2 billion. Despite the rebound, technical indicators such as the ADX and BBTrend highlighted ongoing challenges, with momentum remaining weak and selling pressure yet to fully dissipate.
Key levels, including support at $2.81 and resistance at $3.27, will determine whether VIRTUAL can maintain its upward momentum or face fresh bearish pressure.
Virtual downtrend has lost momentum
virtual ADX fell from 26.8 to 16.3 over the past two days, indicating a significant weakening in trend strength. ADX below 20 usually indicates a lack of strong trend, suggesting consolidation or market indecision.
The decline in ADX reflects the continued attempts to transition from a downtrend to an uptrend lacking sufficient momentum to establish a clear directional move.
ADX (Average Directional Index) measures the strength of a trend but does not indicate its direction. Values below 20 indicate a weaker trend, while values above 25 indicate a stronger, more defined trend. virtual The current ADX is 16.3, indicating that although it is trying to turn into an uptrend, the trend has not yet consolidated.
For clear confirmation of the uptrend, ADX needs to rise above 25, along with sustained buying pressure to build stronger momentum given the surrounding hype Crypto AI Agent regain its momentum.
VIRTUAL BBTrend has been negative since January 7
VIRTUAL’s BBTrend has been negative since January 7, peaking at -37.2 yesterday before recovering to -24.4. Although still in negative territory, this improvement suggests that bearish momentum is waning.
This shift suggests underlying stabilization virtual pricealthough the negative BBTrend highlighted that selling pressure still outweighed buying activity.
BBTrend or Bollinger Bands band Trend, a measure of price deviation relative to Bollinger Bands to assess trend strength and direction. Negative values indicate bearish conditions, while positive values indicate a bullish trend. and virtual BBTrend is -24.4, with the current reading reflecting continued bearish sentiment but hinting at a possible shift to neutral.
If BBTrend continues to recover, it could signal a weakening downtrend and pave the way for potential price stabilization or reversal.
Virtual price forecast: potential 26% upside
The key support for the virtual price is $2.81, a breach of which could lead to a further drop to $2.23. although virtual The EMA lines are still showing a bearish pattern, with the short-term line below the long-term line, and an upward movement in the short-term line indicates a potential shift.
If these lines cross to form a golden cross, it could signal a bullish reversal, making VIRTUAL one of the biggest trends Artificial Intelligence Coin in the market. In this case, VIRTUAL could test resistance at $3.27, and if broken, would target $3.73, representing a potential upside of 26%.
Disclaimer
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