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Leading AI Crypto Agents, VIRTUAL Price Nears Key Resistance
VIRTUAL price has been soaring, up 382.50% in the last 30 days, making it the biggest platform for creating AI crypto agents. However, the momentum appears to be cooling as VIRTUAL’s RSI currently sits at 50, reflecting a neutral market sentiment.
Despite the recent surge, the BBTrend has shifted negative after almost two weeks of positive readings, signaling a weakening of bullish momentum. This could indicate a potential short-term downturn unless the trend reverses and VIRTUAL can regain its upward trajectory.
VIRTUAL RSI Is Currently Neutral
VIRTUAL RSI is currently at 50, after remaining above 70 between November 26 and November 30. This shift indicates a decrease in the bullish momentum that had previously pushed the price into overbought territory.
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements, with values ranging from 0 to 100. An RSI above 70 typically suggests that an asset is overbought, while values below 30 indicate oversold conditions.
With VIRTUAL’s RSI now at 50, it reflects a neutral market sentiment, indicating that the price is neither overbought nor oversold. This suggests that the market is currently in a consolidation phase, with neither strong buying nor selling pressure.
If RSI remains at this level, VIRTUAL price might trade within a range, and the next move will likely depend on whether momentum shifts towards artificial intelligence narrative in the next weeks.
VIRTUAL BBTrend Turned Negative After Almost 2 Weeks
VIRTUAL’s BBTrend turned negative after staying positive since November 29, reaching a peak of 61 on December 1. The current reading of -0.53 indicates a shift in the trend, suggesting that the bullish momentum has weakened significantly.
BBTrend is an indicator derived from the Bollinger Bands that measures the direction of the trend and helps assess whether the market is in a bullish or bearish phase. A positive BBTrend typically signals upward momentum, while a negative reading indicates a potential downturn.
The recent decline in BBTrend from a peak of 61 to -0.53 suggests a potential reversal in VIRTUAL price trend. After an extended period of positive readings, this shift could signal that VIRTUAL is facing increased selling pressure, possibly leading to short-term price declines.
If the negative trend continues, VIRTUAL price could experience further downward movement.
VIRTUAL Price Prediction: Can VIRTUAL Reach $2 In December?
VIRTUAL’s EMA lines remain bullish, indicating that the overall trend is still positive. However, the narrowing distance between the short-term EMA lines suggests a weakening momentum. This could signal a potential slowdown or reversal.
If the uptrend regains strength, VIRTUAL could test the resistance at $1.83. If that level is broken, it could rise to test its previous all-time high of $1.99, reached on December 5, as AI crypto agents continue to attract attention. Another important indicator is that VIRTUAL is up today, as the other 4 biggest AI coins, such as RENDER and TAO, are declining by 12% and 18%, respectively.
On the other hand, if the current uptrend turns into a downtrend, VIRTUAL price could face a correction, with potential testing of support at $1.21. This would mark a potential 26% decline from current levels.
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