VIRTUAL Protocol Jumps 14% as Memecoin Market Rebounds
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VIRTUAL News -
VIRTUAL Protocol has broken out of a month-long bullish triangle pattern, surging 14.98% in the past 24 hours. The memecoin's rally aligns with broader sector strength, indicating renewed investor interest.
Technical analysis shows two key resistance levels at $1.98 and $2.14, which could determine the uptrend's sustainability. A successful breakout may reverse the asset's 12% monthly decline, while rejection at these levels might trigger profit-taking.
Market dynamics reveal accumulating buy-side pressure despite looming sell walls. The breakout from the descending resistance line suggests potential for continued upward momentum if current support levels hold.
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