Virtuals Protocol Token continued to increase and is around its highest point since January 31 as it accelerated the accumulation of smart money investors.
Virtuals Protocol (Virtual) Token rose to $ 2.15 on Tuesday, its highest level from January 31 and 375% above its April minimum.
The Token jumped when the demand of AI agents in its ecosystem increased. Some of the best artists were recently Aixbt, Ribbita, Toshi, Keyboard Cat and Luna. Toshi has more than 611,000 headlines, while the Cat and AIXBT keyboard has more than 483,500 and 325,000 headlines, respectively.
Nansen’s data show that the number of smart money investors that Virtual has continued to increase. There are now 115 of these investors, compared to 71 in April and October 13 of last year.
Smart money investors are usually more sophisticated and experienced than retail investors. As such, your purchases are a sign that they expect the price of the currency to continue increasing in the coming weeks.
Nansen’s additional data show that the net flow to exchange in the last seven days was negative of 7.2 million tokens. A negative net flow indicates that more currencies are removed from exchanges than deposited, a sign that investors trust that the currency will continue to function well.
Technical Virtual Price Analysis
The daily table shows that the virtual price touched at $ 0.4213 in April and has recovered in more than 375% to $ 2.05. He has formed a Mini Cross Golden since the exponential mobile averages of 50 days and 100 days have crossed each other.
The Virtuals protocol token also wants to cross the first support of the Andrew pitchfork tool. The most important thing is slowly forming a cup and handling pattern whose upper side is at $ 5,1050, which is 148% above the current level.
The Cup has a depth of approximately 92%, which means that its potential objective is $ 9.80, 375% more than its current level. This objective is derived by measuring 92% of the top side of the cup. A fall under the support to $ 1 will invalidate the upward perspective.
