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coinpedia 2025-05-01 08:58:22

Why is Virtuals Protocol Price Rising? Can it Reach $5 in Q2 2025?

Why is Virtuals Protocol Price Rising? Can it Reach $5 in Q2 2025?

The post Why is Virtuals Protocol Price Rising? Can it Reach $5 in Q2 2025? appeared first on Coinpedia Fintech News During the last week of April, the crypto markets triggered a strong recovery, and most of the cryptos rebounded from their bottoms. Virtuals Protocol’s price also flipped after hitting the bottom below $0.6 and rose above $1.6. Multiple reasons account for the surge, and now that the token has triggered a strong upswing, the VIRTUAL price is expected to complete the parabolic recovery and experience another 130% upswing in the next few weeks. The surge in the VIRTUAL price was followed by a popular exchange, Binance, which enabled deposits and trading by listing it. The listing led to stronger liquidity and new market interest as VIRTUAL became more easily accessible to all. Moreover, the Virtuals Protocol platform has launched the Genesis launch event, which was exploited by a project called PlayGame AI. Despite this, the token regained the trust of the investors, which materialised with the recent surge. Now the question arises whether the VIRTUAL price will rise by another 100% after surging by over 200%? The daily chart of VIRTUAL suggests the price has triggered a parabolic recovery and may follow the curve to rise and reach the neckline. After securing the range above the 50-day MA, the price has surged above the 200-day MA, which could further head towards a Golden Cross. On the other hand, the RSI has surged and entered the overbought range for the first time in 2025, validating the bullish claim. Therefore, the VIRTUAL price is believed to maintain a strong ascending trend and rise above the crucial resistance at $1.84 in a short while. Here, the token may face some resistance. Once cleared, the next pitstop could be above $2.5, which may validate the beginning of a fresh bullish trend. Despite this, the on-chain data of Virtuals Protocol lags significantly behind the price, with a steep decline in the daily revenues that grew rapidly in the last few weeks of 2024. However, the buying volume has surged notably, which could keep up the momentum of the rally for the rest of 2025 and mark a new ATH above $7.

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