- Virtuals Protocol's native token $VIRTUAL surged over 15% following announcement of its listing on Upbit, South Korea's leading cryptocurrency exchange.
- Trading will commence at 20:00 KST on January 31, 2025, across KRW, BTC, and USDT pairs, expected to boost liquidity and exposure.
- VIRTUAL is currently trading at $2.36 and consolidating within a falling wedge pattern, with potential targets at $3.14 and $3.91 if resistance breaks.
- Technical indicators show early signs of bullish momentum with MACD suggesting a potential crossover, though failure to break resistance could lead to retesting lower support levels.
Date: Fri, Jan 31, 2025, 08:48 AM GMT
In the cryptocurrency market today, Virtuals Protocol, the launchpad that enables users to create, deploy, and tokenize AI agents without any technical expertise, is coming in spotlight as its native token $VIRTUAL surges by over 15% in the last hour following a major listing announcement.
Upbit Announces Virtuals Protocol (VIRTUAL)
The sharp price increase comes after Upbit, South Korea’s leading cryptocurrency exchange, confirmed that it will begin trading support for VIRTUAL. According to the announcement, trading will commence at 20:00 KST on January 31, 2025, across multiple markets, including KRW, BTC, and USDT pairs.
This listing is expected to boost liquidity and exposure for the token, potentially driving further demand.
Are More Gains Ahead?
At the time of writing, VIRTUAL is trading at $2.36 and appears to be consolidating within a falling wedge pattern. The token recently found support around $1.85, which aligns with the lower boundary of the wedge. With today’s pump, VIRTUAL is approaching a crucial resistance level.
If VIRTUAL breaks above the wedge resistance, the next significant barrier will be the 25-day Simple Moving Average (SMA). A successful breakout beyond this level could push the price toward $3.14, followed by a potential move to $3.91.
The MACD indicator on the chart is showing early signs of a bullish crossover, suggesting that buying momentum could be increasing.
However, if the price fails to break out, it could revisit the wedge’s lower support before another attempt at a breakout.
Final Thoughts
With a combination of bullish technical signals, increasing trading volume, and the upcoming Upbit listing, VIRTUAL is at a decisive moment. If momentum continues in its favor, the token could see significant gains in the coming days. However, traders should monitor key resistance levels and broader market conditions before making any moves.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
The opinions and market insights shared on CoinsProbe represent the views of individual authors based on prevailing market conditions at the time of publication. Cryptocurrency investments carry significant risk and volatility. Readers are encouraged to conduct their own research and seek professional financial advice before making investment decisions. CoinsProbe and its contributors do not accept responsibility for financial losses or decisions made based on published content.
CoinsProbe may publish sponsored articles, affiliate links, or promotional collaborations. All sponsored material is clearly labeled to maintain transparency with our audience. Our editorial decisions remain fully independent, and advertising partnerships do not influence reviews, rankings, or published opinions.
Since 2023, CoinsProbe has delivered reliable insights on cryptocurrency, blockchain, and digital assets. Our content is created by experienced researchers and analysts who follow strict editorial standards focused on accuracy, transparency, and credibility. Every article is carefully reviewed and verified using trusted sources and current market data. We provide unbiased analysis and timely updates covering everything from emerging crypto projects to major industry developments.
