The virtual price is cooled after 133% of the surge: what next

The protocol of virtual protocols (virtual) price has taken off by 133% over the past 30 days, which is fed by a growing narrative surrounding agents of Crypto -ia. Despite the impressive monthly profits, Virtual did not observe 6% of the fall over the past 24 hours, which reflects a potential pause in its ascending impulse.

Currently, Virtual, maintaining a market capitalization of $ 4 billion, has become the third largest coin of AI in the market, after Render and TAO. Thanks to its ADX in 13.3, the alarms of the weakness of the trend and its BBTrend, which became negative at -1.51, virtually enters the consolidation phase, leaving the market to speculate in its next big step.

Virtual lacks a clear direction

The virtual average direction index (ADX) steadily reduced to its current level of 13.3, compared with January 32.4. 100. The values ​​above 25 indicate a strong trend, while the values ​​below 20 are involved in a weak or absent pulse.

ADX Virtual below 20 confirms that its previous trend has lost its strength, signaling the potential transition to the consolidation phase.

Virtual ADX. Source: TradingView

At 13.3, ADX reflects the minimum pulse of the trend, consistent with price behavior, which indicates a decrease in volatility and directed movement.

This low level of ADX implies that the price of the Virtuals protocol is likely to remain in the range in the short term if there is no significant shift in the pressure of purchase or sale. Traiders can interpret this as a period of indecision in the market, where the next direction of the coin will depend on whether the pulse is repeated on the bull or bear side.

Virtual bbtrend has become negative in 5 days

The virtual bbtrend has become negative, is currently at -1.51, after it remained positive from January 2 to January 7. BBTREND is a technical indicator obtained from the lanes of the Bolinger, used to evaluate the strength and direction of price movements.

Positive values ​​indicate a bull impulse, while negative values ​​suggest bear conditions. The Virtuals protocol is the recent transition to the negative levels of the BBTREND reflects the shift in the mood, the signal potential down the pressure down.

Virtual bbtrend. Source: TradingView

This shift occurred after the BBTREND Virtual reached the maximum of January 20.5, noting a high point of bull impulse, since over the past few weeks the trend towards crypto agents AI has grown. The current negative value assumes that the pressure on the sale has surpassed the purchase activity, consistent with signs of potential reduction in prices or further consolidation.

In order for Virtual to restore its ascending impulse, the BBTREND would have to recover into a positive territory, pointing to the renewable confidence of investors and an increase in the activity of the purchase. Until then, the market can remain careful, with an emphasis on maintaining key support levels.

Virtual price forecast: Can Ai Coin reduce $ 3?

Over the past few weeks, the virtual price constantly reaches new maximums for all the time. Despite the fact that over the past 24 hours 6% decreased by 6%, it retains market capitalization of about $ 4 billion. However, with a price showing signs of cooling, the possibility of a descending trend cannot be ignored.

Virtual price analysis. Source: TradingView

If a strong negative trend develops, Virtual can check the support of $ 3.73. Loss of this level can cause further decrease, moreover, $ 3.27 and $ 2.81 as potential following purposes, which is a significant decrease of 29%. And vice versa, constant enthusiasm for artificial intelligence coins suggests that interest in virtually can remain strong.

If a new upward trend appears, the virtual price can challenge the resistance of $ 4.59. The breakthrough can potentially push its price above $ 5, noting another milestone.

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