Key Takeaways

What is driving the recent 90% weekly surge in Virtuals Protocol? 

Increased whale activity and a spike in large trades suggest early accumulation and growing investor confidence.

 What could influence VIRTUAL’s next price direction?

 If buyer dominance continues and Spot market activity picks up, VIRTUAL may sustain its bullish momentum.

Virtuals Protocol [VIRTUAL] has staged a strong comeback, with prices surging by 90% over the past week. However, as of press time, the token experienced an 8% pullback and was trading near $1.40.

AMBCrypto analyzed the factors that were driving VIRTUAL’s weekly surge.

More confidence in Virtual Protocol

The recent price rise highlights a growing optimism in Virtuals Protocol. Whales in both the Spot and Futures markets could be at the forefront of the current price increase.

AMBCrypto’s recent analysis of the token’s Average Order Size metric reveals a significant increase in large trades, indicating growing interest from high-volume traders.

This move indicates early phases of accumulation that can lay the foundation for more sustainable rallies.

Buyer Dominance against slowing spot volume

Not all the metrics align with the rally, though. The market currently shows a clear tug-of-war. On one side, buyers are stepping in aggressively, showing conviction in the asset’s potential.

On the other hand, market activity on Spot exchanges is cooling, a trend that typically precedes either a consolidation or a short-term correction.

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Author: Kelvin Murithi