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Showing posts with the label ascending channel

Virtuals Protocol Price Prediction: VIRTUAL Is Top Gainer With 23% Surge As Traders Flock To This Solana L2 For 10X Potential

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The Virtuals Protocol price has soared 23% in the last 24 hours to trade at $3.47 as of 7:50 p.m. EST on a 48% pump in trading volume to $571 million. This surge in price has positioned VIRTUAL as the top gainer among the top 100 cryptocurrencies by market capitalization, according to data from CoinGecko. Virtuals Protocol Price Continues The Uptrend Within The Channel The 4-hour chart for Virtuals Protocol reflects a strong bullish trend as the price continues to move within an ascending channel. Currently trading at $3.48, the price is nearing the upper boundary of the channel, indicating that bullish momentum is intact. The ascending channel serves as a key structure guiding the trend, with higher highs and higher lows reinforcing the uptrend. The $2.86 level, marked by the 50-period moving average (MA50), acts as dynamic support and is a crucial level for maintaining the bullish structure. Below this, the broader support zone between $2.03 and $2.10, which aligns with a prior c...