VIRTUAL price has exploded, asserting its leadership position among AI cryptocurrencies, currently ranking as the 4th largest AI coin on the market, surpassing WLD. With an astonishing increase of 536.03% in the past 30 days, VIRTUAL has joined the Top 50 largest cryptocurrencies by market capitalization.
The coin’s impressive breakout has been fueled by strong momentum, pushing it to new highs as it eyes further breaking resistance levels. However, with its RSI in overbought territory, traders are paying close attention to the possibility of a correction that could challenge its current uptrend.
VIRTUAL’s RSI is in the overbought zone
VIRTUAL’s Relative Strength Index (RSI) is currently at 83, a jump from 60 just a day earlier. RSI is a key momentum indicator, measuring the speed and magnitude of price changes on a scale of 0 to 100.
Values above 70 indicate overbought conditions, suggesting strong bullish momentum, while values below 30 reflect oversold conditions and possible undervaluation. VIRTUAL’s RSI is above the overbought threshold, highlighting significant buying pressure as the asset approaches new record highs.
Between December 12 and December 14, VIRTUAL’s RSI consistently remained above 70, a strong momentum signal during that period. While this trend may continue in the coming days as VIRTUAL attempts to break a new record, staying above 70 over the long term is challenging and often unsustainable.
RSI at this high level suggests a possible correction, where buyers could take profits, reducing upward pressure on prices. Traders should be cautious about the possibility that prices may decline in the near future.
VIRTUAL’s BBTrend indicator remains high
VIRTUAL’s BBTrend is currently at 38.4, a significant increase from -0.01 on December 14. This sharp increase points to a major change in momentum, highlighting bullish price activity strong.
BBTrend, derived from Bollinger Bands, measures price dynamics and trend direction. Positive values suggest an upward trend, while negative values indicate downward pressure. The solid move into positive territory shows the strength of VIRTUAL’s current uptrend.
After reaching around 36 on December 15, VIRTUAL’s BBTrend stabilized at 38.4, signaling sustained bullish momentum. This high BBTrend value suggests that VIRTUAL is in a strong uptrend, with the price movement likely supported by continued buying pressure, as the narrative around cryptocurrency AI agents gains popularity. more variable.
However, the stabilization suggests a potential slowdown in momentum, which traders should closely monitor for signs of further acceleration or possible consolidation in VIRTUAL’s price trend.
VIRTUAL Price Forecast: Will it drop below 2 USD?
VIRTUAL price is currently reaching new record levels, demonstrating strong bullish momentum despite high RSI levels. If the trend continues, VIRTUAL could break key resistance levels and challenge $3.50 or even $3.75 in the near term, cementing its position as the best performing AI coin in the near term. last month.
However, if the uptrend loses momentum, a correction is possible, with VIRTUAL price likely to test the support levels at $2.28 and $1.99. If these support levels fail to hold, the price could fall further to $1.34, marking a significant pullback.