Many altcoins performed well on Monday the 23rd of December, but VIRTUAL was one of the popular ones that was close to price discovery despite the volatility of the past week.The token’s market cap was $3.2 billion and could grow significantly during a bull run. Its resilient performance in the past week was notable despite a market sell-off. The OBV has formed higher highs and higher lows in the past month, indicating strong buying pressure.
The price also showed higher lows, highlighting an uptrend. The RSI’s reading of 62 confirmed bullish momentum. However, the RSI formed lower highs in the past week, while the price pushed higher at press time. A daily session close above $2.95 would signal a bearish divergence. This indicates the market is overextended, but a pullback may not be imminent. Instead, the token could push beyond $3.32 before retracing some gains.While the alt market cap dropped 17% in seventeen days, Virtuals Protocol prices were up 90%. The high relative strength for VIRTUAL was a firm sign that more gains were likely to follow
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