Virtuals Protocol (VIRTUAL) Gained 183% in April; Institutional Interest is Increasing
Virtuals Protocol (VIRTUAL) made a significant leap in April, achieving a 183% increase and obtaining significant gains contrary to the general trends of the cryptocurrency market. This performance has particularly attracted the interest of institutional investors, and the rising Smart Money Index (SMI) indicates increased confidence in price movement.
The strong momentum of VIRTUAL is also supported by the Chaikin Money Flow (CMF) indicator. While the CMF measures capital inflows, it confirms increasing capital flows and an upward trend by raising this indicator.
Left the Market Behind in April, VIRTUAL is Rising
While the broader cryptocurrency market struggled to find direction in April, VIRTUAL reversed this situation, achieving significant gains. The altcoin experienced a 183% increase last month, making it one of the rare tokens that gained significant profits in a stagnant market.
VIRTUAL, which recorded a 22% increase in the last 24 hours, is currently the highest-performing crypto asset. With the increasing interest from institutional investors, its price is expected to rise even further.
Smart Money Supports the Rise of VIRTUAL
VIRTUAL has recorded consecutive new daily peaks since the upward trend that started on April 22. During this period, the Smart Money Index (SMI) also increased and is currently at 3.07. The SMI indicator typically monitors the trading activities of institutional investors, and when it rises alongside price movements, it indicates that large investors are increasing their positions. This shows that confidence in VIRTUAL's upward momentum has increased, and institutional players are actively accumulating the token.
Chaikin Money Flow Indicator Confirms the Rise
The rising Chaikin Money Flow (CMF) indicator of VIRTUAL also supports this positive outlook. This indicator is currently at 0.25 and is still following an upward trend. CMF reflects increasing capital inflows and positive sentiment among investors by measuring the flow of money in and out of an asset. Therefore, the increase in CMF reinforces price rises and indicates the potential for a continuing rally in the short term.
The Price Movement of VIRTUAL Indicates More Upside
Since April 22, VIRTUAL has started trading with a three-digit upward trend within an ascending parallel channel. This model describes a situation where the asset's price continuously makes higher peaks and higher troughs, moving between upward-sloping parallel trend lines. This indicates an upward trend, and as long as the price remains within the channel, the rise can continue.
If demand increases, VIRTUAL can rise to levels around $2.26 while staying within this channel. However, if profit-taking increases again, it may hinder this bullish projection. If sales start, the VIRTUAL token may lose its recent gains and drop below the $1.55 level, possibly even retreating to $0.96.
PLEASE READ CAREFULLY FOR A $10 GIFT TO 170 PEOPLE.
Friends who have not yet activated the futures trading section will earn $10 when they activate it by entering my referral code 88623008. The first 170 people will benefit from this reward.
I AM EXPLAINING IN DETAIL.
My brothers who registered to Binance without a referral, please listen carefully;
You will earn 10 USDT when you follow my instructions in order.
Enter the Futures section from your application,
On the next screen, enter the REFERRAL CODE section and open your account by entering the code 88623008.
Brothers who want to complete this process by April 10th and receive a reward of 10 USDT can do so. After that, it will be sufficient to have a trading volume of $30 after activating your account. However, even if you complete this process after April 10th, your reward will not come. Therefore, I recommend you to handle it in 5 seconds.
THE SYSTEM WORKS ON A FIRST COME, FIRST SERVED BASIS. THEREFORE, DO NOT BE LATE TO RECEIVE YOUR GIFT. IT IS LIMITED TO 170 PEOPLE.
PLEASE READ CAREFULLY FOR A $3,300 GIFT.
Friends, you know that as broadcasters, we do everything we can for you here. We communicate the services and opportunities provided to us by our officials to you. I have never withheld my support for both the cryptocurrency market and you; on the contrary, I am striving to provide more support.
Now I will explain how to receive your gift. First, those of you who have not opened a futures trading account need to activate this account with a quick transaction. I will explain in detail and simply how to activate it.
So who can benefit?
Friends who have not yet activated the Futures section can activate it by entering my referral code 88623008 while opening the FUTURES section. It is an easy process. I have indicated where it is below.