Virtuals Protocol (VIRTUAL) Rallies 183% as Institutional Interest Drives Uptrend

Virtuals Protocol (VIRTUAL) has recorded an impressive surge, gaining 183% over the past month and 22% in the last 24 hours, standing out as one of the rare tokens showing significant gains in an otherwise sluggish market. Initiating its uptrend on April 22, VIRTUAL has consistently hit new daily highs, with its Smart Money Index (SMI) rising to 3.07, indicating increased accumulation by institutional investors. Additionally, the token’s rising Chaikin Money Flow (CMF) at 0.25 reflects enhanced capital inflows and positive trader sentiment. Technical analysis reveals a bullish ascending parallel channel, implying that if the uptrend continues, VIRTUAL could potentially reach $2.26. However, the report also notes that profit-taking may trigger a reversal, potentially pushing the price below $1.55 towards $0.96. The analysis is supported by data from TradingView and was first published on BeInCrypto.