Date: Thu, July 17, 2025 | 09:20 AM GMT
The cryptocurrency market continues to trend bullish, with Ethereum (ETH) maintaining its impressive upside momentum—posting a 9% daily gain and now inching toward the $3,475 mark. This positive sentiment is spilling over into major altcoins, and Virtuals Protocol (VIRTUAL) is now emerging as a standout performer.
The AI agent creation platform’s native token, VIRTUAL, has surged 11% today, extending its 90-day rally to a remarkable 231%. But beyond raw momentum, what’s capturing trader attention is the formation of a harmonic pattern on the daily chart — a powerful technical structure that often signals a trend continuation.
Harmonic Pattern Hints at Bullish Continuation
On the daily timeframe, VIRTUAL is tracing a bearish-labeled ABCD harmonic pattern — which, despite its name, often implies bullish continuation when trading the CD leg. The setup started in April from point A at $0.41, leading to a rally up to point B, before pulling back to point C near $1.26 by late June.
Since marking that C point, VIRTUAL has rebounded sharply, now trading around $1.88. If the harmonic pattern completes its full cycle, the final leg (CD) is projected to extend toward the 1.63 Fibonacci extension, which aligns with a target near $3.42.
What’s Next for VIRTUAL?
Should this setup play out, VIRTUAL could climb another 82% from current levels to reach the Potential Reversal Zone (PRZ) around $3.42 — a key area where traders may begin to take profits, as it mirrors the AB leg’s range per harmonic principles.
To sustain this bullish trajectory, VIRTUAL needs to continue holding above the 50-day moving average, currently hovering around $1.72. This moving average now acts as a critical support zone, and a strong base above it would reinforce bullish sentiment and help validate the harmonic projection.
With broader market conditions remaining favorable and a clean harmonic structure in play, VIRTUAL is positioning itself as one of the most technically compelling altcoins to watch in the short to medium term.
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