Virtuals Protocol (VIRTUAL) has recently experienced a significant 11.4% increase in value within the last 24 hours, surging from a support level of $1.63 to reach $1.84. Despite this positive short-term momentum, the altcoin continues to encounter obstacles related to investor sentiment and overall market dynamics, which could influence its capacity for sustained growth in the coming weeks.

Following an initial surge earlier this week, the number of new addresses associated with Virtuals Protocol has dropped considerably. At present, new address creation is at its lowest point in a month and a half, reflecting a noticeable reduction in investor enthusiasm. This decline in new addresses indicates a possible waning of interest from both new and existing participants in the cryptocurrency ecosystem, potentially signaling diminishing appeal among crypto enthusiasts.

The reduction in new address activity underscores a larger trend that might impede Virtuals Protocol's efforts to establish long-term upward momentum. A lack of fresh participation could result in further price consolidation or even downward movements.

From a broader technical standpoint, Virtuals Protocol is encountering certain challenges. The Average Directional Index (ADX), which measures trend strength, has shown a marked decline, suggesting that the current upward momentum may be losing vigor. While the ADX remains above the critical threshold of 25.0, indicating some degree of trend strength, there is a risk that it could fall below this level. Should this occur, it might imply that the recent price rally is losing its potency. The combination of a decreasing ADX and reduced new address activity hints that Virtuals Protocol could soon undergo a shift in its price trajectory.

At the moment, Virtuals Protocol is trading at $1.84 following a substantial 11.4% gain over the previous day. The current price is encountering resistance at $1.93, posing a potential obstacle for further upward progress. Although the rebound from $1.63 is encouraging, overcoming the $1.93 resistance remains a pivotal test for the altcoin’s immediate price performance.

If the negative impacts outlined earlier persist, VIRTUAL may find it difficult to surpass the $1.93 resistance. This scenario could lead to a phase of price consolidation, with the value likely staying above the $1.63 support level. However, should selling pressure escalate, the price might dip below this support, possibly dropping to $1.50 or even lower.

Conversely, if general market conditions improve positively, Virtuals Protocol might break through the $1.93 resistance. Successfully converting this level into a support base would be essential for the altcoin to aim for $2.00. Beyond that, $2.45 would represent the next major resistance point, marking a potential turnaround in the bearish narrative and paving the way for additional gains.

以上内容由悟空财富根据公开信息整理，与本站立场无关，如存在问题请联系我们，本文为数据整理，不对您构成任何投资建议，投资有风险，请谨慎决策。