VIRTUAL Shows Potential for Continued Upswing Amid Growing Institutional Interest and Positive Market Indicators
The post VIRTUAL Shows Potential for Continued Upswing Amid Growing Institutional Interest and Positive Market Indicators appeared on BitcoinEthereumNews.com.
Virtuals Protocol (VIRTUAL) has demonstrated remarkable resilience, soaring 183% in April, defying overall crypto market trends and capturing significant institutional attention. The surge has been fueled by a notable increase in the Smart Money Index (SMI), signaling strong confidence from institutional investors in VIRTUAL’s ongoing price momentum. Additionally, VIRTUAL’s momentum is affirmed by its Chaikin Money Flow (CMF) indicator, which reflects robust capital inflows and bullish investor sentiment. This article delves into the extraordinary rise of VIRTUAL, highlighting its recent performance, institutional interest, and technical indicators that suggest a bullish trend. Smart Money Fuels VIRTUAL’s Rally VIRTUAL began its impressive uptrend on April 22 and has consistently achieved new daily price highs since this date. As its price escalates, the Smart Money Index (SMI) has also seen a rise, currently resting at 3.07. The SMI is a pivotal indicator that gauges the trading behavior of institutional investors, often referred to as the “smart money.” By analyzing intraday price movements, particularly during the first and last trading hours, the SMI provides insights into investor behavior. When the SMI ascends alongside an asset’s price, it indicates that major players are accumulating positions, reflecting an increased confidence in the asset’s upward trajectory. The recent uptick in VIRTUAL’s SMI signifies that institutional investors are actively building their positions, likely in anticipation of further price appreciation. Moreover, VIRTUAL’s Chaikin Money Flow (CMF) indicator also paints a bullish picture. Currently at 0.25 and trending upwards, this momentum indicator suggests an influx of capital and heightened positive sentiment among traders. The CMF evaluates the money flow in and out of an asset. An increasing CMF, as observed in VIRTUAL, illustrates escalating capital inflows and bullish trader sentiment. As such, the current standing of VIRTUAL’s CMF suggests strong momentum that might continue to support ongoing price increases. VIRTUAL’s…
Filed under: News - @ May 1, 2025 4:23 pm