Virtuals Protocol price prediction: can VIRTUAL hit $2?
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The Virtuals Protocol (VIRTUAL) has captured market attention with a sharp 16.97% surge, climbing from $1.0275 to a high of $1.3131.
Today’s VIRTUAL price surge follows Virtuals Protocol’s recent swift fix of a Genesis Allocation error, with affected users being compensated with triple their shortfall in VIRTUAL tokens.
This proactive governance move has not only restored faith among investors but has also injected fresh optimism into the ecosystem and contributed to an impressive 113.3% rally over the past week.
Currently consolidating just below the $1.30 level, VIRTUAL is well-positioned for further gains, and analysts are increasingly optimistic, setting their sights on an ambitious target of $2.
VIRTUAL price analysis
Today’s VIRTUAL’s price surge has led to a breakout from a prolonged downtrend, suggesting a potential shift in the project’s trajectory, buoyed by an impressive 174% increase in trading volume to $506 million within a single day.
According to analyst Rekt Capital, the recent breakout above a long-standing downward trendline marks a pivotal turning point for VIRTUAL.
Notably, the surge in 24-hour trading volume alongside a market capitalisation exceeding $703 million indicates both institutional and retail investors are taking a serious interest.
Despite some fluctuations from above $1.3 to between $1.08 and $1.25, the cryptocurrency has demonstrated notable resilience, with buyer dominance reaching 73%.
Technical analysis paints a vivid picture of sustained bullish momentum, with technical indicators affirming the bullish outlook, with a majority of the indicators, including moving averages, signalling a bullish trend.
Looking ahead, analysts project an initial price target of $1.35, with potential to reach $1.42 if VIRTUAL maintains support above the critical $1.2850 threshold.
However, the solid support zone near $1.26 will be crucial to prevent deeper pullbacks and to preserve the integrity of the ongoing bullish trend.
Historical performance further underscores the token’s explosive potential.
From its all-time low of $0.007486 in January 2024, VIRTUAL has surged by an astounding 16,560.2%.
Although it remains 75.4% below its all-time high of $5.07 set in January 2025, the current bullish trajectory hints at considerable room for growth.
With consolidation just below $1.30 and liquidity levels remaining high, VIRTUAL appears poised for a potential rally toward the psychological $2 mark.
Any retracement to former resistance zones, as highlighted in technical charts, could provide a healthy retest, reinforcing the strength of the breakout.
Supporting this positive outlook, the protocol’s circulating supply of 652,193,938 tokens out of a total of 1 billion points to a fully diluted valuation of $1.25 billion, reflecting robust market confidence.
Given the strong interplay between technical strength and restored fundamentals, VIRTUAL’s price outlook remains firmly bullish.
The post Virtuals Protocol price prediction: can VIRTUAL hit $2? appeared first on Invezz
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