- Virtuals Protocol (VIRTUAL) surged 15% Tuesday, breaking an ascending triangle pattern.
- Analyst Ali Martinez predicts VIRTUAL price target of $3 after the bullish breakout.
- AI-focused crypto VIRTUAL has rallied approx. 480% since early April, now at $2.35.
Virtuals Protocol (VIRTUAL) extended its bullish run with a sharp 15% rally early Tuesday morning. This quick price surge triggered a technical signal that some crypto analysts believe could boost the digital asset towards higher price targets.
Ali Martinez, a famous cryptocurrency analyst on X, shared a screenshot of the VIRTUAL/USDT 4-hour chart, showing how the trading pair overcame resistance by breaking out of an ascending triangle chart formation.
VIRTUAL Rally Continues: Up 480% Since April, Ascending Triangle Breakout Fuels Optimism
This bullish breakout for VIRTUAL extends a rally that began in the first week of April, which has seen the cryptocurrency gain about 480% in less than two months, placing it among the top gainers within this period. The latest breakout fortified crypto traders’ belief in the token’s upside potential, with Martinez predicting VIRTUAL’s next price target at $3.
In the meantime, TradingView’s data structure suggests that VIRTUAL’s latest breakout could indicate a new phase in the current bull run. Focusing on the price movement since the April bounce reveals a pattern where VIRTUAL embarks on a notable rally after every pullback.
Related: Virtuals AI Platform Sees April Activity Rise After 99% Revenue Crash
The latest pullback started after the cryptocurrency climbed above $2 in the first week of May. VIRTUAL embarked on a sideways consolidation, leading to the formation of an ascending triangle. Breaking out of this triangle prepares the crypto for future achievements, considering the historical price behavior, which saw the digital asset crash from the $5.1229 all-time high it achieved in December 2024.
Virtuals Protocol: AI and Metaverse Focus Driving Interest
Virtuals Protocol is an AI-focused cryptocurrency that facilitates interactions through its AI and Metaverse protocols. Many analysts predict notable growth for VIRTUAL, considering the growing awareness across the internet and the potential emergence of several solutions requiring decentralized AI implementation.
Related: Virtuals Protocol (VIRTUAL) Price Prediction 2025–2030: Will The AI Token Retest $4.50 in 2025?
Besides, speculators seeking profits from the rising crypto market often consider newer cryptocurrencies potentially viable during general market rallies. VIRTUAL traded for $2.35 as of writing, per TradingView’s data.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
