- VIRTUAL sees over 18.9k transactions and 8.3k addresses within weeks of Genesis Launch.
- RSI enters overbought territory while MACD supports continued bullish momentum.
- Genesis model rewards user activity with transparent, capped token allocations.
Virtuals Protocol (VIRTUAL) hit a daily high of $1.82 on May 6, boosted by strong participation in its ongoing Virtuals Genesis Launch, which has seen significant user activity and token commitment.
Genesis Launch Attracts Users and Capital
Since its debut just over two weeks ago, the launch has attracted 8,300 unique addresses and registered nearly 19,000 transactions. Activity peaked on May 5, recording 2,274 transactions and 1,910 active wallets for the day. This engagement resulted in a substantial net inflow of 259,300 VIRTUAL tokens on that single day.
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This spike in activity follows The Genesis Launch model that has introduced a participation-first approach that rewards early users not with preferential treatment, but through verifiable contribution.
Genesis Points earned through on-chain activity and ecosystem engagement act as a fair metric for entry. Participants then pledge these points and commit VIRTUAL tokens, reserving allocation spots with full transparency and the safety of refunds if commitments fall short of the threshold.
Technical Analysis: Potential Scenarios for VIRTUAL
From a technical standpoint, the Relative Strength Index (RSI) for VIRTUAL sits near 78, based on TradingView data. This level signals overbought conditions, which historically often precede price consolidation or a local top. However, sustained buying pressure can push RSI into the 80–90 range, potentially driving prices higher still.
The MACD (Moving Average Convergence Divergence) indicator shows that the MACD line (blue) is above the signal line (orange), and both are rising in positive territory, confirming bullish momentum.
The widening gap between MACD and signal lines further strengthens the bullish outlook. However, traders should watch for a potential crossover, which could hint at short-term correction.
Fibonacci extension analysis shows price targets at the 1.618 level near $2.06, a strong bullish target that aligns with the last swing’s extension, representing immediate resistance.
Related: Virtuals Protocol (VIRTUAL) Price Prediction 2025–2030: Will The AI Token Retest $4.50 in 2025?
The 2.618 level at approximately $2.46 is a breakout scenario where hype and continued user inflow could send VIRTUAL soaring. Finally, the 4.236 extension around $3.17 represents an euphoric zone if momentum continues unchecked.
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