In the last 24 hours, the cryptocurrency VIRTUAL has surged by almost 40%, making it the top performer in the market. This substantial increase follows Bitcoin's climb above $100,000, leading to a widespread uptrend in other digital assets.
VIRTUAL's current trading price of $2.14 marks a three-month high, and the token's upward momentum appears to be continuing without signs of slowing. Technical indicators on the daily chart suggest ongoing buying pressure, with VIRTUAL's accumulation/distribution (A/D) line trending upwards at -65.53 million, indicating strong market demand.
The rising A/D line reflects increased accumulation of VIRTUAL by investors, driving its value higher. Additionally, the uptrend in the altcoin's Chaikin Money Flow (CMF) at 0.19 underscores robust buying pressure and reinforces the positive outlook.
If the buying pressure persists, VIRTUAL could surpass the resistance level of $2.22 and potentially rally towards $2.78 or even higher. However, caution is advised as the Relative Strength Index (RSI) for VIRTUAL indicates it is currently overbought, suggesting a possible correction in the market that could lead to a drop in the token's value back to around $1.53.