VIRTUAL price has been soaring, up 382.50% in the last 30 days, making it the biggest platform for creating AI crypto agents. However, the momentum appears to be cooling as VIRTUAL’s RSI currently sits at 50, reflecting a neutral market sentiment.

Despite the recent surge, the BBTrend has shifted negative after almost two weeks of positive readings, signaling a weakening of bullish momentum. This could indicate a potential short-term downturn unless the trend reverses and VIRTUAL can regain its upward trajectory.

VIRTUAL RSI Is Currently Neutral

VIRTUAL RSI is currently at 50, after remaining above 70 between November 26 and November 30. This shift indicates a decrease in the bullish momentum that had previously pushed the price into overbought territory.

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements, with values ranging from 0 to 100. An RSI above 70 typically suggests that an asset is overbought, while values below 30 indicate oversold conditions.

With VIRTUAL’s RSI now at 50, it reflects a neutral market sentiment, indicating that the price is neither overbought nor oversold. This suggests that the market is currently in a consolidation phase, with neither strong buying nor selling pressure.

If RSI remains at this level, VIRTUAL price might trade within a range, and the next move will likely depend on whether momentum shifts towards artificial intelligence narrative in the next weeks.

VIRTUAL BBTrend Turned Negative After Almost 2 Weeks

VIRTUAL’s BBTrend turned negative after staying positive since November 29, reaching a peak of 61 on December 1. The current reading of -0.53 indicates a shift in the trend, suggesting that the bullish momentum has weakened significantly.

BBTrend is an indicat

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Author: Tiago Amaral