While today’s 22.45% uptick has pushed the VIRTUAL price over 400% for the month, Ai projects seem somewhat side-lined compared to foremost narrative driving gains this cycle, meme coins.
Notably, while up-and-coming meme coin Catslap ($SLAP) sees similar growth today, it has seen a 15x increase over the same period, making it one of the biggest beneficiaries of recent meme coin sentiment.
Virtual Protocol’s recent rally does appear to show its cracks, though. As the altcoins recent volume surge comes at a head today, holding steady at 240 million, it seems VIRTUAL is losing steam.
VIRTUAL Price Analysis: Is the Rally Losing Momentumn?
The VIRTUAL price seems to be at a turning point as technical indicators suggest a potential correction.
VIRTUAL / USDT 4H chart, potential correction. Source: Binance.
VIRTUAL appears to be facing a similar fate to other coins that have experienced significant crashes in recent days, with its Relative Strength Index (RSI) deeply lodged in overbought territory at 81.
When the RSI reaches such levels, it typically signals that the asset has been exhausted by its recent gains, making a correction the natural and healthy next step to find more stable footing for its next leg up.
Given the new highs VIRTUAL has reached, it is now in a discovery phase, sussing out its technical supports. The $1.1234 support does seem like a credible bottom, reaffirming the consistent support provided by the 50SMA.
Catslap Technicals Ring Bullish: Could it See Bigger Gains?
While VIRTUAL certainly holds potential, the near term may see a slowdown in its recent gains as it overcomes its overbought state. Holders could benefit from taking profits and diversifying into coins primed for gains.
As ”meme coin supercycle” sentiment sees coins like $ACT and $PNUT have experienced sudden rises to prominence, newer high-potential low cap meme coins present an appealing opportunity.
Among them, Catslap ($SLAP) stands out as a credible contender to the likes of Popcat, Mogcat, and Mew, and it’s on the tail end of its recent correction.
It’s far beyond a mere meme coin; it’s an addictive gamified experience that calls its holders into competition, clicking to increase their country’s score and move up the Slapometer.
This feeds heavily into what analyst Murad Mahmudov notes a pardim shift towards “movement coins” poised to reshape the crypto landscape.
These community-centric meme coins hold exponential growth potential, forming ideologies and deep-rooted engagement. Something which may be credited to Catslap’s instant success, amassing a $27 million market cap so far!
While it has sinced taken a step back from its $50 million peak, as analysts note 100x potential, now seems like a perfect dip buying opportunity,
$SLAP also presents a passive income opportunity, offering 40% APY to its staked investors. While the market wanes amidst Bitcoin’s recent volatility, CatSlap investors have been raking in consistent gains!
Join the CatSlap community on X and Telegram to stay up to date on the latest announcements.
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