The VIRTUAL price reached a 4-month high: Can it break down the 2 dollar barrier?

Virtuals Protocol (VIRTUAL) has excellently maintained the support level of $1.2, then surged to the sky by 36% to a four-month peak of $1.86 before making a slight adjustment.

At the time of the update, VIRTUAL is trading around $1.81, recording a rise to the sky of 33% in a day. Meanwhile, the trading volume of the project surged 84% to $928 million, reflecting the dynamism and exceptional growth of on-chain activity.

What has driven the impressive rise of VIRTUAL?

Motivation from the integration of Coinbase's x402 payment protocol

According to Coinphoton's observation, the main reason for the strong rise in price of VIRTUAL is the project's integration of Coinbase's x402 payment protocol.

x402 is an open payment standard that allows AI agents and services to execute instant stablecoin transactions on the blockchain without the need for user accounts, registration, or complex verification.

After integration, the number of active agents and wallets holding over $10 token agents has risen to the sky, demonstrating the rapid adoption rate of the community.

Source: DuneData from Dune shows that the total number of AI Agents has risen to 18,216, reflecting the strong spread of the new feature. At the same time, the number of independent wallets holding Agent tokens on Ethereum and Base reached 172,437, while on Solana it peaked at 10,674.

Source: DuneIn addition, the number of weekly transactions between agents ranged from 5,000 to 25,000, further confirming the increasing usage of the network.

Notably, the ecosystem of VIRTUAL is witnessing a rise to the sky in all functional aspects.

Listing on OKX expands market and liquidity

Another important factor contributing to the rise of VIRTUAL is its listing on the OKX exchange. This event has significantly expanded market reach and enhanced liquidity, attracting more investors as well as new users.

According to data from Artemis, the Spot trading volume of VIRTUAL has risen to the sky by 576% to $16.7 million, while the number of daily active users on Spot DEX has increased by 141.7% to 9,700.

Source: ArtemisThe simultaneous increase in trading volume and the number of users indicates that on-chain activity is very active and the demand for VIRTUAL is becoming stronger.

Thanks to this, the listing on OKX has created a new wave of demand and capital flowing into the market, contributing to the positive growth of VIRTUAL prices.

How far will the AI wave take VIRTUAL?

According to Coinphoton, Virtuals Protocol has recorded a rise to the sky due to the explosion in demand and on-chain activity after being listed on OKX and integrating Coinbase's x402 protocol.

As a result, the price increase momentum of VIRTUAL continues to be reinforced. The Directional Movement Index (DMI) has recorded a bullish crossover, reaching a level of 35 at the time of the update. At the same time, the Stochastic Momentum indicator has also shifted to an upward trend, rising to 52, entering the bullish zone.

Source: TradingViewThe fact that both technical indicators confirm the upward trend indicates that market momentum is very strong, sustained by persistent demand.

These favorable conditions are often a precursor to subsequent price surges. If buying pressure continues to be maintained and demand remains high, VIRTUAL may target the next resistance level at $2.1.

However, if the current upward momentum drives investors to take profits, selling pressure may cause the price to adjust to the support level of $1.3.

Mr. Teacher