The virtual (virtual) protocol has exploded in value in recent weeks, from around $ 0.43 to almost $ 2.00. The excitement was fueled by the rise of its launch of Genesis on the basis and the growing media overcomes around upcoming projects like $ Whim. With the feeling of the increasingly optimistic community and the team provides coherent improvements such as anti-Whale protections and the limits of reward agriculture. Many might wonder if they have missed the boat.
After climbing more than 300% in just over a month, Virtual has gone through multiple resistance levels, culminating around $ 2.08. Yesterday, the token increased by almost 50% in a single session before cooling slightly to $ 1.96 today, marking a decline of 5%.
This cooling period is not unexpected. When the active ingredients rally, gaining profit between generally, and that's exactly what seems to happen here.
Key indicators: what RSI, MacD and volume suggest
THE Relative force index (RSI) is seated at 71 years, which places virtual in exaggerated territory. This suggests that recent overvoltage may have been too fast, too early, and that a short-term correction or lateral consolidation is likely above all.
The MacD indicator supports this view. While the MacD line is still above the signal line, which is generally optimistic, the histogram begins to flatten. This alludes to a potential loss of the ascending momentum. A lowering crossover has not yet occurred, but traders should look closely in the coming days.
As for the volume, it gradually decreased in the last two days after explosive overvoltage. A drop in volume while the price remains high can mean that the interest fades or that the traders stop to see what is happening afterwards.
So, are you too late to buy a virtual (virtual) protocol?
Not necessarily, but it depends on your time horizon.
If you are looking for a fast business, the current configuration suggests that a break or a decline can be in advance. The purchase is now delivered with a higher short -term risk, in particular with indicators such as RSI flashes warning signs. It would be wise to wait either a clean break greater than $ 2.24, a drop for previous support around $ 1.76 before entering.
Read also: This is why the price of the pyth (pyth) pump network
However, for those interested in the long-term potential of the virtual protocol and its Genesis platform on the basic network, current prices could always be considered early. The project is barely starting to gain ground, and its emphasis on fair launch practices and community confidence has brought it out.
Ultimately, although the media is real, a certain caution is necessary in the short term. The fundamentals remain promising, but the timing of your entry could make a big difference.
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