Virtuals Protocol (VIRTUAL) has emerged as the top gainer of the day, with the price recording a strong move at the start of the new year. The token is currently trading near $1.07 after posting an intraday gain of nearly 22% over the past 24 hours. According to the data from CMC, Virtuals Protocol opened around $0.90, dropped to an intraday low near $0.86, and later climbed to a session high of about $1.09 before slightly easing.
This sharp daily move comes after a long period of weak and sideways trading. Throughout December, Virtuals Protocol remained under pressure, with the price slowly drifting lower and struggling to attract buying interest. The recent breakout suggests that market sentiment has started to improve as it climbed over 55% weekly, repositioning in the early days of the new year.
Technical Structure Improves After Move Above Key Moving Averages
From a price structure point of view, the VIRTUAL token appears to be breaking out of a prolonged consolidation range after moving sharply higher toward $1.06. The price has pushed above its short-term moving average near $0.99–$1.00, showing that buyers are gaining control in the near term. It is also approaching the 50-day moving average around $1.08–$1.10, which had capped price action for several weeks. While this shift signals improving momentum, the longer-term moving average, currently positioned closer to the $1.20 zone, still remains above the current price, indicating that the broader recovery trend is still in the early stages of development.
The RSI on the daily chart has risen sharply and is now in the low-70s range, reflecting strong buying activity during the recent surge. This shows momentum is clearly on the upside, but it also suggests that the price may slow down or consolidate in the short term as buying pressure cools.
In terms of key levels, the $1.00 area now acts as an important support zone. Holding above this level would help maintain the current recovery structure. On the upside, resistance is seen near $1.10, followed by the $1.20 region if buying strength continues.
Overall, Virtuals Protocol’s recent price action signals a shift in sentiment after weeks of weakness. While the short-term trend has turned positive, sustained volume and support above key levels will be important to confirm whether this move can extend further in the coming sessions.
Highlighted Crypto News Today:
17% Pump Ignites Bitcoin SV (BSV) Charts: Will It Boost or Block a $30 Run?
