VIRTUAL, the native token of Virtual Protocol, is showing signs of emerging from a prolonged downtrend, with analysts watching whether buyers can push the cryptocurrency through a critical resistance level in the coming sessions.

At the time of writing, VIRTUAL is trading at $0.6708, with a 24-hour trading volume of $173.97 million and a market capitalization of $447.66 million, according to CoinMarketCap data. The token has slipped 0.08% over the last 24 hours.

For readers new to the asset, Virtual Protocol is a platform for creating, co-owning, and deploying AI agents, built on Base, Coinbase's Ethereum layer-2 network. The VIRTUAL token functions as the ecosystem's utility asset, used to launch agents and transact within the protocol, placing the project at the center of the AI agent category that became one of crypto's most closely followed narratives in late 2024. VIRTUAL was among that sector's largest tokens during the rally, and the subsequent unwind left it down nearly 90% from its peak — the drawdown that frames the current chart analysis.

Token Approaches Critical Resistance Zone

The latest assessment follows an August 22 analysis by crypto analyst Crypto Patel on X, who noted that VIRTUAL has already climbed roughly 40% from its accumulation zone. According to the analyst, the token is now heading toward a critical resistance level that could define the direction of its recovery pattern.

Crypto Patel highlighted a higher-time-frame triangle pattern that has been forming for several months after VIRTUAL underwent a correction of nearly 90% from its peak. The analyst identified the $0.435–$0.315 range as a weekly order block and accumulation zone, from which the token has printed higher lows and reached descending resistance.

Breakout Scenario Above $1.01

Based on the analysis, a weekly close above $1.01 would be a clear signal of a higher-time-frame structure change, clearing the descending resistance that has defined the upper boundary of the monthslong pattern. If the breakout is confirmed, the levels that could follow include $1.82 initially, then $2, and potentially $4 if a broader bullish phase is in progress.

The setup, however, is not yet a fully confirmed reversal. A failure around resistance could produce another pullback, with the $0.150–$0.08 zone viewed as a possible deeper accumulation area should the token break down from its current weekly support levels.

Technical Indicators Point to Rising Buying Pressure

The token's technical configuration also points to strengthening momentum. VIRTUAL is trading just below the upper Bollinger Band, currently at $0.67417, while the middle and lower bands sit at $0.58398 and $0.49379, respectively. The token's recent move above the middle Bollinger Band suggests that buying pressure has been strong.

The MACD indicator offers another bullish signal, with the MACD line at 0.02069 sitting above the signal line at 0.00532.

What Comes Next for VIRTUAL

The immediate priority is whether VIRTUAL can continue its rally and test the $1.01 resistance level.

Technical bullish scenario: If VIRTUAL closes above $1.01 for the week, a recovery move would be favored, with targets around $1.82, $2, and even $4 if the wider AI agent market is on the move.

Bearish scenario: An inability to overcome resistance could lead to profit-taking and further declines. A breakdown of the $0.435–$0.315 weekly support range would damage the market structure and expose the lower support zone at $0.150–$0.08, as indicated by Crypto Patel.

For now, VIRTUAL's recovery is being driven by improving momentum and ongoing ecosystem development, although the token still needs to overcome key resistance in order to confirm the bullish case.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.