- VIRTUAL surged 23% to $1.77 after its Coinbase DEX integration was announced
- Trading volume jumped 85% to nearly $930 million, pushing the market cap to $1.16B
- Technicals remain bullish, but the RSI at 70.32 signals overbought conditions
Virtuals Protocol (VIRTUAL) recorded a strong market surge today. The token’s price and trading volume climbed significantly following news of its integration with Coinbase’s on-chain infrastructure.
According to CoinMarketCap, VIRTUAL rose by 23.16% over the past 24 hours to trade at $1.77, pushing its market capitalization to $1.16 billion. Trading volume jumped 85.44% to nearly $930 million, marking one of its largest sessions this quarter. The rally followed a consolidation phase near $1.40 before breaking upward on November 1.
VIRTUAL now ranks #66 among cryptocurrencies by market capitalization. It has 656.07 million tokens in circulation, representing about 82% of its 1 billion total supply.
Related: Virtuals Protocol Launches Platform for Autonomous AI Agents on Ethereum
Coinbase Retail DEX Integration
Market activity intensified after Virtuals Protocol announced that its AI agents would be embedded within Coinbase’s Retail DEX, a decentralized exchange operating on Base, Coinbase’s Layer-2 network. This integration allows users to perform on-chain swaps through a native interface inside the Coinbase app.
Coinbase has begun rolling out the DEX feature to U.S. users, excluding New York. According to the project, Virtuals’ AI agents will be able to analyze trading pairs. They can also automate actions such as order timing and pair selection within the Base network’s on-chain flow.
Technicals: Bullish Momentum vs. Overbought Conditions
Technical data from TradingView’s VIRTUAL/USDT chart on Binance shows the token maintains strong bullish momentum. The MACD (12,26,9) indicator shows a positive crossover. The MACD line at 0.1484 is surpassing the signal line at 0.0700, indicating continued buying pressure. Expanding green histogram bars further highlight this increasing momentum.
Moreover, the Relative Strength Index (RSI) currently stands at 70.32, indicating strong demand but approaching overbought conditions. Analysts note that a brief correction could occur if profit-taking intensifies, though momentum remains broadly positive.
Related: Virtuals’ AI Agents Integrate with Coinbase Retail DEX on Base, VIRTUAL Up 30%
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