VIRTUAL Protocol's Price Soars by 42% in a Week: Flurry of Investors Swiftly Shift Attention Towards AI-Driven PEPE Presale Before It Hits Capacity
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The Virtuals Protocol price has shot up an impressive 42% in the past week, even with a minor 24-hour dip setting it at $1.97 as of 10:15 p.m. EST. Traders are jumping on the bandwagon with this crypto's meteoric rise.
The gains made by Virtuals Protocol have multiplied its value on the 30-day time frame, with a staggering increase of more than 238%.
Virtuals Protocol Price Teetering at Resistance, Will It Break Through?
As depicted by data from GeckoTerminal, the Virtuals Protocol price is dancing around a significant resistance level at $2.1292. The crypto has made several attempts to breach this barrier over the past few days, yet bears have managed to keep it at bay. However, bulls are still giving it their all, and if they manage to push it up, we might see a massive rise of as much as $2.9686.
On the flip side, if Virtuals Protocol fails to surpass the $2.1292 threshold within the next couple of days, impatient traders might choose to sell their holdings, throwing the crypto open to the risk of tumbling to its nearest support at $1.2387. Even in the worst-case scenario, the decline could extend down to $0.4755 if selling pressure continues unabated.
Technical Signals Indicate Virtuals Protocol Price Correction Soon?
Technical indicators, such as the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) on the daily chart, suggest a possible corrective movement for the Virtuals Protocol price within the next 24 hours. The MACD line is attempting to cross below the MACD Signal line, which could lead to a major bearish technical flag, possibly signaling a negative cycle. Traders might respond negatively to this technical event and opt to short the crypto.
Meanwhile, the plummeting RSI readings over the past 48 hours indicate buyers' strength is waning on the Virtuals Protocol price chart. Though the latest RSI reading remains bullishly above the neutral 50 mark, the downward trend of the RSI line is a warning that sellers might continue to pinch buyers' strength over the coming days.
As technical signals flash warning signs over the Virtuals Protocol price, investors are hastily piling into MIND of Pepe, a new AI agent crypto rival. This token's presale ends in just 16 days, and several experts have predicted steep gains for MIND after its launch, which is barely two weeks away.
MIND of Pepe comes with both AI appeal and meme features, having taken inspiration from the popular PEPE. The core of the project revolves around a state-of-the-art AI agent that is designed to spot trends within the market. It does this by keeping a constant watch on social networks and DeFi protocols, poised to respond quickly to any indications of trend changes.
In addition to its trend-spotting capabilities, MIND's AI agent also has the power to create its own tokens that match the evolving trends in the market. After identifying a promising new token, the AI agent will generate hype for it online, trade the token, and then reinvest its profits back into MIND.
Before heading off on this endeavor, the AI agent will offer MIND holders the opportunity to buy into each new token before the rest of the market gets in on the action.
A frenzy of FOMO (Fear Of Missing Out) has erupted around MIND's presale, which has already raised a whopping $9.2 million in just 16 days remaining. Investors can purchase MIND for $0.0037515 using ETH, USDT, BNB, USDC, or a bank card on the project's website. The presale tokens can also be staked for an enticing 246% Annual Percentage Yield (APY)!
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- Amid the skyrocketing Virtuals Protocol price, some investors are exploring opportunities in the tech sector, such as MIND of Pepe, an AI-driven crypto that promises trend-spotting capabilities and a presale ending in just 16 days.
- While Virtuals Protocol faces the risk of correcting due to technical signals, the finance world continues to expand its horizons, with companies like Coinbase experiencing growth, as evidenced by its 10% surge after joining the S&P 500.
