A company that is changing the way the world mines bitcoin

coinpedia 2025-01-03 10:48:21

Virtuals Protocol Price Analysis: What Caused the 10.6% Decline After $5+ Milestone?

The post Virtuals Protocol Price Analysis: What Caused the 10.6% Decline After $5+ Milestone? appeared first on Coinpedia Fintech News At the start of this month, the price of Virtuals Protocol was $3.92212. Yesterday, the VIRTUAL price touched an all-time high of $5.25692. Unfortunately, the market failed to continue the momentum. In the last 24 hours, the market has slipped by at least 10.6%. What caused this swift correction, and what lies ahead for VIRTUAL? Let’s explore. Ready? Dive in! VIRTUAL Hits $5+ Price Milstone The AI coins market cap has seen a growth of 6% in the last 24 hours. In the last seven days, almost all top AI tokens, including Virtuals Protocol, have experienced growth; NEAR Protocol surged by 5.0%, Internet Computer by 3.4%, Bittensor by 8.9% and Render by 2.4%. Among the top five AI coins, Virtuals Protocol shows the highest 7-day growth of 34.7%. Yesterday, it reached an ATH of $5.25692. However, in the last 24 hours, the Virtuals Protocol market has declined by nearly 10.6%. Profit-Taking Drives Selling Pressure Reports say that the retracement has occurred as a consequence of massive profit-taking by VIRTUAL holders. Data shows that holders have booked no less than $28 million in profit. Technical Indicators Warned of Overbought Conditions On December 31, 2024, the VIRTUAL’s RSI entered the overbought region. On January 1, it touched a peak of 76.86, suggesting the possibility of a market reversal. Reports say that the Supertrend indicator flashed resistance at $5.15. Future Scenarios for VIRTUAL Experts forecast that if the price breaks above the $5.15 resistance level, the price could reach as high as $7. If the resistance holds, the price could drop as low as $3.85, experts add. In conclusion, the remarkable performance of AI tokens like Virtuals Protocol signals hope for the future of the AI tokens market in 2025.

Meist gelesene Nachrichten

Canadian man says kidnappers wanted to tortur...
2025-01-07
ReadyGamer announced as Virtual Protocol ride...
2025-01-07
Pepe Eats SUI (PEPESUI) Solana Memecoin to Ex...
2025-01-07
Binance to List APT/JPY, PEPE/JPY, SUI/JPY, a...
2025-01-07
Bitcoin Prices Surpass $100,000 For First Tim...
2025-01-07
Ethereum Price Maintains Stability: Is a Move...
2025-01-07
US Prosecutors: Do Kwon’s Terra Crash May Hav...
2025-01-07
Massive Whale Borrows 80,000 BNB Worth $58.55...
2025-01-07

Ähnliche Neuigkeiten

Nasdaq ISE seeks SEC approval to increase IBIT opt...
07 Jan 2025
XRP Price Consolidates: Can Stability Lead To Gain...
07 Jan 2025
Best New Meme Coins to Invest in This Week: BTFD S...
07 Jan 2025
Crypto Prices Today Jan 7: Bitcoin Bulls Return as...
07 Jan 2025
Canadian Man Goes Into Hiding Amid Allegations of...
07 Jan 2025
Jeju Island Goes Meta: NFTs to Lure Gen Z Tourists
07 Jan 2025

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen