Virtuals Protocol (VIRTUAL) has exploded in value over the last few weeks, jumping from around $0.43 to nearly $2.00. The excitement has been fueled by the rise of its Genesis launchpad on Base and growing hype around upcoming projects like $WHIM. With community sentiment increasingly bullish and the team making consistent improvements such as anti-whale protections and reward farming limits. Many could be wondering if they missed the boat.
After climbing over 300% in just over a month, VIRTUAL pushed through multiple resistance levels, peaking around $2.08. Just yesterday, the token spiked nearly 50% in a single session before cooling off slightly to $1.96 today, marking a 5% pullback.
This cooling-off period is not unexpected. When assets rally this quickly, profit-taking usually kicks in, and that’s exactly what seems to be happening here.
What you'll learn 👉
Key Indicators: What RSI, MACD, and Volume Suggest
The Relative Strength Index (RSI) is sitting at 71, which places VIRTUAL in overbought territory. This suggests that the recent surge may have been too fast, too soon, and that a short-term correction or sideways consolidation is likely before any further upside.
The MACD indicator supports this view. While the MACD line is still above the signal line, which is typically bullish, the histogram is starting to flatten. This hints at a potential loss in upward momentum. A bearish crossover hasn’t happened yet, but traders should watch closely in the coming days.
As for volume, it has been gradually decreasing over the past couple of days after the explosive surge. A drop in volume while price stays elevated can mean interest is fading or that traders are pausing to see what happens next.
So, Are You Too Late to Buy Virtuals Protocol (VIRTUAL)?
Not necessarily, but it depends on your time horizon.
If you’re looking for a quick trade, the current setup suggests a pause or dip may be ahead. Buying now comes with higher short-term risk, especially with indicators like RSI flashing warning signs. It would be wise to wait for either a clean breakout above $2.24 or a dip toward previous support around $1.76 before entering.
Read Also: Here’s Why Pyth Network (PYTH) Price Is Pumping
However, for those interested in the long-term potential of Virtuals Protocol and its Genesis platform on the Base network, current prices could still be considered early. The project is just starting to gain traction, and its focus on fair launch practices and community trust has made it stand out.
Ultimately, while the hype is real, some caution is needed in the short term. The fundamentals remain promising, but timing your entry could make a big difference.
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