Virtual Protocol (virtual) tokens continue to rise and hover around their highest point

Virtual protocol tokens rose to $2.15 on Tuesday, reaching their highest level since January 31, well above the April low.

Virtual protocol (virtual) tokens continue to rise and hover at their highest point since January 31 as smart currency investors accumulate faster.

The virtual protocol (virtual) token hit $2.15 on Tuesday, with its highest level rising 375% from April since January 31.

As demand for AI agents grows in the AI ​​ecosystem, token prices rise. The best performers recently include Aixbt, Ribbita, Toshi, Keyboard Cat and Luna.

Toshi has over 611,000 holders, while Keyboard CAT and AIXBT have over 483,500 and 325,000 holders, respectively.

According to Nansen, the number of investors holding virtual smart currency continues to increase. There are now 115 investors, an increase from 71 in April, and only 13 in October last year.

Smart currency investors are often considered more complex and experienced than retail investors. Therefore, their buying behavior indicates that they expect the coin price to continue to rise in the coming weeks.

Other data from Nansen shows that the net traffic exchanged was negative 7.2 million tokens over the past seven days. Negative net flow indicates that more coins are withdrawn from exchanges than deposited, which shows investors' confidence in the future performance of the coins.

Virtual price technology analysis

The daily chart shows that virtual prices bottomed out at $0.4213 in April and rebounded more than 375% to $2.05. It has formed a mini gold cross as the exponential moving averages of 50 and 100 days cross each other.

The virtual protocol token also hopes to break through the first support of Andrew's Pitchfork Tool. More importantly, it is slowly forming a cup and handle pattern with a top side of $5.1050, 148% higher than the current level.

The cup is about 92%, which means its potential target is $9.80, a 375% increase from current levels. This goal is derived by measuring 92% of the upper side of the cup. Support below $1 will invalidate the bullish outlook.

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