the VIRTUAL token appears to be at a critical juncture, with several converging indicators suggesting a significant bullish move could be imminent. The combination of classic chart patterns, momentum indicators, and on-chain activity presents a compelling case for a potential upward breakout.
A Confluence of Bullish Technical Signals
Your analysis of the 12-hour chart highlights a powerful alignment of three key technical indicators. The emerging bullish flag pattern is a classic continuation signal that often resolves in the direction of the prior uptrend, suggesting the previous upward impulse may soon resume.
This pattern is strengthened by the hidden bullish divergence on the RSI, where the price makes higher lows while the RSI makes lower lows. This often indicates that underlying selling pressure is weakening, even if the price action appears sluggish, and can be a powerful signal that the trend is poised to continue upward.
The third and perhaps most significant signal is the imminent golden cross, where the 50-period moving average crosses above the 100-period moving average. This is widely interpreted by traders as a confirmation of shifting momentum from bearish to bullish and can often trigger a new wave of buying interest.
Fuel for the Move: Fundamentals and On-Chain Activity
Beyond the charts, fundamental developments and on-chain data provide context for this technical optimism. The VIRTUAL token, which powers a decentralized platform for AI agents in metaverses, has recently seen a major catalyst with its integration into Coinbase’s x402 initiative. This has driven a substantial increase in on-chain utility, with weekly agent-to-agent transactions growing fivefold.
This utility is reflected in the behavior of large investors. On-chain data reveals notable whale accumulation, with a net inflow of millions of VIRTUAL tokens into large wallets following the recent surge. Furthermore, a significant portion of the supply is being locked in staking contracts (veVIRTUAL), which reduces the liquid supply available for trading and can create upward price pressure as demand increases.
Navigating the Key Levels Ahead
For traders and investors, the path forward is defined by a few critical price levels. The immediate and most crucial hurdle is the $1.60 resistance zone. A decisive and sustained break above this level, confirmed by high trading volume, would provide strong validation of the bullish thesis and could open the door for a move toward the next resistance near $1.97.
Beyond that, the market will be watching the all-time high (ATH) of $5.07, set in January 2025. While ambitious longer-term price predictions exist, a more measured approach involves monitoring how the price reacts at these intermediary levels. It is always prudent to manage risk by identifying key support levels, such as $1.37 and $1.25, which could serve as safety nets in case of a pullback.
