VIRTUAL’s Rally Ahead? 2 Key Factors Point to Growth

Recently, a lucky investor withdrew 854 Ethereum (ETH), valued at $2.9 million, from Coinbase. In return, 851,387 VIRTUAL tokens were purchased. This big buy has sparked rumors about VIRTUAL’s future. Could a breakout be on the horizon? 

VIRTUAL Price Shows Steady Strength

The price of VIRTUAL is showing positive movement. As of now, the token trades at $3.57, a 3.40% rise in just 24 hours. VIRTUAL has followed an upward trend within an ascending channel. Resistance sits at $3.58, a crucial level to watch.

The Directional Movement Index (DMI) reveals a strong buying trend. The +DI at 28 is much higher than the -DI at 11, signaling that buyers are in control. The Average Directional Index (ADX) also stands at 47, suggesting a strong trend is in place. 

Rising Activity Supports Bullish Sentiment

The increase in daily active addresses shows growing interest in VIRTUAL. Recently, the number of active addresses reached 1,290. This spike in activity suggests rising user engagement, either from speculative traders or new use cases within the Virtual Protocol.

Furthermore, transaction numbers have soared. VIRTUAL saw 763 transactions, a massive jump from the less than 200 recorded in early December. This fourfold increase highlights a surge in network utility, with more users trading and interacting with the protocol. 

The growing on-chain activity supports the idea of a bullish breakout for VIRTUAL. With stronger network engagement and solid technical signals, VIRTUAL’s outlook remains positive. The combination of steady price growth and rising user activity points toward a promising future.