VIRTUAL price wakes up as post-breakout momentum builds, eyes $4 next

Virtuals Protocol’s price has woken up after weeks of sideways action, potentially tracking towards $4 if momentum persists.

Virtuals Protocol ( VIRTUAL ) price is 20% in the past 24 hours, currently trading at $1.45, with the volume surging over 100%. Today’s surge extends the rally that began on April 25, when VIRTUAL price broke out of the $0.4-0.8 range, where it has been consolidating from mid March, following the breakout from the steep downtrend that ensued after it hit ATH of $5.07 on Jan. 2. Since breaking out of this consolidation range, VIRTUAL is up by about by over 60%.

The price has been trading above EMA-20 and SMA-50 for a week now as momentum has been growing increasingly bullish, with RSI at over 80 and MACD line well above the signal line. It has also moved about SMA-100, signaling a shift in long-term structure. The BBW is expanding again, indicating volatility is coming back to the chart.

Source: TradingView

The breakout seems to be driven by the recent introduction of Genesis Launch, a token distribution mechanism designed to onboard users, devs, and AI agents into the VIRTUALS ecosystem . This mechanism allows users to pledge points in exchange for a potential allocation of 37.5% of the total token supply set aside for the presale. Allocations are determined dynamically based on each participant’s share of the total pledged points, with a hard cap of 0.5% of the total token supply per user. As users must also commit VIRTUAL tokens alongside their points (up to 566 VIRTUAL per entry, including a 1% tax), the mechanism has directly increased demand for the token.

Another likely catalyst behind today’s surge was the announcement of VIRTUAL’s listing on Binance .US. Deposits on the Base ( BASE ) network opened yesterday, with trading for the VIRTUAL/USDT pair officially launching today.

Looking ahead, the next immediate target lies around $1.80, which corresponds to a previous support-turned-resistance level. The next likely target is near $2.70, aligning with the price range from the initial breakdown zone in February. If momentum persists, it might reach $4, the first significant lower high after ATH and the point of intersection with the descending trendline.