Virtuals Protocol (VIRTUAL) Price Prediction for November 3: Bulls Eye Breakout Toward $2.10

• Virtuals Protocol surges 30%, breaking a multi-month downtrend.
• Bullish momentum builds as buyers reclaim key EMAs and target higher zones.
• Accumulation signals suggest traders positioning for a potential breakout above $2.00.

As of November 3, Virtuals Protocol (VIRTUAL) traded near $1.76, marking a sharp 30% surge in 24 hours after a decisive breakout above its descending resistance trendline. This marks the strongest upside move since May, drawing fresh attention from traders. The market now eyes the $1.95–$2.10 zone as the next critical test, where a close above could confirm a full bullish reversal.

Also Read: Ethereum Price Prediction for September 5: Navigating Key Resistance and Support Zones

VIRTUAL Holds Strong After Major Breakout

On the daily chart, VIRTUAL price has broken above its long-term descending trendline, signaling a confirmed trend reversal. Buyers reclaimed key exponential moving averages (EMAs) clustered between $1.19 and $1.31, turning this area into a strong demand base.

The 200-day EMA at $1.26 now acts as firm structural support, confirming a shift in momentum. Meanwhile, Bollinger Bands have widened sharply, indicating expanding volatility as the token trades near the upper band around $1.74. As long as VIRTUAL holds above $1.50, the path toward $1.95 and $2.25 remains open, with the latter aligning with April’s peak.

Momentum Indicators Confirm Bullish Control

Momentum metrics further validate the bullish case. On the 2-hour chart, the Relative Strength Index (RSI) stands at 71, reflecting strong demand and slightly overbought conditions typical of early breakout rallies.

 

The Parabolic SAR, trailing at $1.44, underscores that the short-term uptrend remains intact. Any cooling phase could see a minor pullback toward $1.55, potentially offering fresh entry points before another leg higher. A sustained close above $2.00 would confirm the breakout and may extend the rally toward $2.60.

Exchange Flows Show Renewed Accumulation

Data from Coinglass highlights a $788,000 positive netflow on November 2, marking a sharp reversal after months of outflows. This indicates that investors are moving assets off exchanges into wallets, a signal of accumulation and confidence in long-term price strength.

Historically, such accumulation phases often align with the start of new bullish cycles. Coupled with rising spot volume, this pattern suggests that traders are building positions for continuation rather than short-term flips.

Short-Term Outlook for Virtuals Protocol (VIRTUAL)

Key support levels are now defined at $1.45, with stronger backing around the EMA cluster near $1.20. A breakdown below $1.20 could expose the $1.00–$0.80 range. On the upside, resistance sits at $1.95 and $2.25, where prior rallies have previously stalled.

If VIRTUAL sustains closes above $1.95, it would reinforce the bullish bias and open the door for a potential move toward $2.60 in the coming sessions.

Conclusion

With key moving averages reclaimed, volume rising, and on-chain flows turning positive, Virtuals Protocol’s technical setup remains firmly bullish heading into mid-November. As long as price holds above the $1.20–$1.50 demand zone, bulls are likely to maintain control, with traders eyeing $1.95–$2.25 as the next breakout test.

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