Rituals Protocol (Virtual Coin) Market Analysis – May 1, 2025
Current Outlook: Rituals Protocol is in a strong uptrend, approaching the key resistance zone around $2.30–$2.35, marking nearly 50% gains from the earlier breakout level. The move was anticipated and has played out as shared in prior analysis.
Technical Highlights:
Weekly Candle: Bullish momentum remains strong with 3 days left before close.
Two-Day Chart: Clear breakout above $1.51, triggering a bullish continuation pattern.
Gap Region: The price is entering a low-resistance zone, indicating smoother upward movement.
RSI Levels: While daily RSI is overbought, the 5-day RSI shows more room for upside.
Volume Pattern: Strong buyer presence, with full-body candles and minimal wicks — a clear sign of bullish pressure.
Entry Zones:
Breakout Entry: Confirmed above $1.51
DCA Opportunity: Possible on dips to $1.20–$1.30
Targets:
Short-Term Target: $2.30–$2.35 (major resistance zone)
Extended Target: Possible higher move if price breaks above resistance with volume
Stop-Loss:
Safe Stop-Loss: Below $1.45 (for breakout trades)
DCA Stop-Loss: Around $1.10–$1.20 (for longer-term position)
Conclusion: Rituals Protocol is currently bullish across multiple timeframes. As long as it sustains above $1.51, there is a high probability of hitting the $2.35 target. Monitor closely for consolidation or reversal signals near resistance.