The hype around AI cryptos is constantly rising, influencing their price performance. The Virtual protocol is one such demanded crypto, which hit an ATH just a few days ago before entering a consolidation. Interestingly, a popular crypto analyst, Michaël van de Poppe, found a lucrative opportunity in this consolidation, claiming that traders could make 85% gains if they bought Virtual AI Coin at a particular point.
Virtual AI Coin Price Struggle Continues, Token Lost 32%
After rallying to an ATH of $5.07, the popular AI crypto, Virtual, is in serious consolidation, losing 32% since the peak. Volatility and selling pressure took over the cryptocurrency, but things began settling with the crypto market recovery. At present, it trades at $3.43 with a trading volume of $324.8M, which is down 38% in the 24-hour phase. The open interest shows a significant decline from yesterday’s peak, currently at $255.93M.
Many analysts agree that the current situation is a part of the market’s behavior and a buying opportunity before the price rises again. One such analyst has presented a timeline for when to buy the Virtual AI coin and when the price will increase.
Here’s When To Buy Virtual Protocol For 85% Gains
Crypto analyst Michaël van de Poppe’s virtual price prediction recommends that traders look for a further price downtrend and eye the $3 mark for optimal returns. According to his X post, a previous correction to the same level resulted in a massive price rally. At that time, the virtual price rose 85%, and the same could happen this time. So, Michaël X post claims that investors must zoom out of the current situation and eye the support, which is nearing $2.50, and make an entry around $3.
Notably, he believes the $2.50-$3 price range is the ideal support for triggering an 85% rally. Moreover, resistance lies at $3.50, $4, and $4.71, which will play a critical role in the Virtual price rally. Most importantly, a breakout above $4.71 could push the token to $5.79, a new ATH.
What’s Next?
Instead of panic, analysts have called the dips the buying opportunity, especially as Bitcoin price attempts to rally to $130k. The same stands true for the Virtual protocol’s current consolidation, where its price has drifted 32% from the ATH. Crypto analyst Michaël van de Poppe believes that the traders must eye the $3 mark, which will act as a major support for the 85% rally for the token. This Virtual AI coin price prediction is based on a similar trend, which resulted in a massive rally for the token. With this, investors can closely monitor the $3 target but must do their own technical analysis and research before committing to any trade.
The post Analysts Reveal When To Buy Virtual AI Coin For 85% Gains appeared first on CoinGape.
