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Virtuals Protocol token targets $5 after breaking from a 5-month technical pattern

  • Virtuals Protocol (VIRTUAL) has broken through a key technical level and aims for a rally towards $5 after breaking from a 5-month consolidation pattern.
  • On-chain metrics indicate strong user activity and accumulation, while a gaming partnership is expected to enhance token utility.
  • The breakout is seen as the beginning of a larger upward trend in the AI crypto space, coinciding with a rebound in market sentiment related to AI tokens.
  • Despite challenges at the $2.24 support level, analysts are optimistic about VIRTUAL's potential to reach the $5 target and sustain its uptrend.

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