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VIRTUAL Price on the Verge of a Breakout? 3 Bullish Signs Say “Yes”
Yahoo Finance· 2025-10-30 12:22
Core Insights - Virtuals Protocol (VIRTUAL) has experienced a significant price increase of nearly 88% in the past week, currently stabilizing around $1.45, indicating potential bullish momentum ahead [1] Group 1: Bullish Indicators - The token is consolidating within a bullish flag pattern on the 12-hour chart, suggesting that a breakout may be imminent as the price tightens near the upper trendline [2] - A hidden bullish divergence is observed, where the price made a higher low while the Relative Strength Index (RSI) made a lower low, indicating that sellers are losing control despite the price growth slowing [3] - If VIRTUAL breaks above the flag's upper trendline, it could confirm the start of a new uptrend, supported by the bullish flag pattern [4] Group 2: Moving Averages - The 50-period Exponential Moving Average (EMA) is on the verge of crossing above the 100-period EMA, which often signals the beginning of a new bullish phase [5] - This EMA crossover coincides with VIRTUAL testing the upper flag boundary, reinforcing the hypothesis of a potential breakout [6] Group 3: Smart Money Activity - The Smart Money Index (SMI) has been trending higher since early October, indicating that institutional investors are accumulating positions, which typically precedes price expansion [8] - The increase in smart money activity suggests that experienced investors expect the flag pattern to resolve in a bullish direction [9]