Virtuals Protocol Value Plummets 9%: VIRTUAL Faces Losses as Investors Embrace AI-Powered Competitor Offering 20% Staking Annual Percentage Yield
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The price of Virtuals Protocol (VIRTUAL) took a nosedive by 9% in the last 24 hours, trading at $1.32 as of 2:58 a.m. EST. With investors ditched theirVIRTUAL stash on the market.
This recent plummet in VIRTUAL's value could be linked to profit-taking, considering the significant rally this crypto experienced over the past seven days. The weekly and monthly gains still stand robustly at 71% and 121%, respectively.
VIRTUAL Pricing Clinging to Support - Will It Hold?
Check out this 4-hour chart for VIRTUAL/USD (Source: GeckoTerminal)
The Virtuals Protocol price is balancing precariously on a support level at $1.3109, according to GeckoTerminal's data. If VIRTUAL tank below this survival line, it might face a freefall to the upcoming safety net at $1.0523 in the short-run. This downward spiral could reach as deep as $0.8763 if the selling pressure remains unabated.
On the flip side, traders may consider this VIRTUAL price drop as a discount opportunity to jump in. If this is indeed the case, VIRTUAL might start bouncing back again. If the bulls gather enough steam, this coin could flip the resistance level at $1.5145 into a backing line, potentially leading to further gains beyond that.
Technicals Indicate Further VIRTUAL Declines in Coming Hours
From the technical standpoint, traders should keep an eye on the 20 and 50 Exponential Moving Averages (EMAs) on the 4-hour chart. The 20 EMA aligns with the $1.3109 support, and at the moment, is serving as a dynamic level. Meanwhile, the 50 EMA lines up with the next significant support level at $1.0523.
Although the 20 EMA is above the 50 EMA at the moment, implying that the VIRTUAL price is cruising through a mid-term bullish phase, a drop below the $1.3109 support in the next 12 hours could signal the end of this blissful spell.
That potential drop may very well occur, with the Relative Strength Index (RSI) on the 4-hour chart revealing a decline in buying strength over the past 24 hours. During this period, the indicator fell from above 70 to the mid 50s. The RSI line now boasts a negative slope, warning of a continued decline in buying power for the crypto.
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SUBBD's presale has already gathered over $292K, just days after its launch. Interested investors can secure their investment by purchasing SUBBD tokens through the widget embedded on the SUBBD website, available in crypto and fiat options. Each SUBBD token can be purchased for $0.055275.
Additionally, SUBBD offers a 20% annual return if investors stake their SUBBD tokens in the project's presale staking pool. Act quickly; the SUBBD Token's price will undergo multiple scheduled increases over the course of its presale, with the next price increase imminent within the next three hours.
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- The Virtuals Protocol (VIRTUAL) is currently trading at $1.32 after a 9% drop in 24 hours, with some investors selling their VIRTUAL holdings.
- In 2025, the price of VIRTUAL could potentially reach $0.8763 if the selling pressure continues, according to a 4-hour chart from GeckoTerminal.
- To offset this potential drop, some traders may view the VIRTUAL price drop as a discount opportunity for investing in the crypto market.
- A new AI crypto, the SUBBD Token (SUBBD), is predicted to multiply by 100X after its launch, aimed at disrupting the $85 billion content creation industry by automating admin tasks on a blockchain platform.
