Crypto prices have started the week on a strong note, with their collective market cap increasing by almost 2% to nearly $3 trillion. Bitcoin remains stuck below the $95,000 resistance level, while Solana, Cardano, and Monero are performing well. This article provides a forecast for some top cryptocurrencies like Floki (FLOKI), Virtuals Protocol (VIRTUAL), and Monero (XMR).
Floki price analysis
Floki is one of the top players in the meme coin industry. Like Shiba Inu, the developers have worked in the past few years to differentiate it from other meme coins that lack a utility.
They launched Valhalla, a play-to-earn non-fungible token metaverse, and FlokiFi, a decentralized finance (DeFi) network. Most recently, they launched TokenFi, an all-in-one Real World Asset (RWA) tokenization project whose token rose by 60% in the last 24 hours, giving it a market cap of over $60 million.
Floki price has bounced back in the past few weeks. After bottoming at $0.00004615 earlier this month, it has jumped to $0.00008725 today. It has already crossed the 50-day moving average, a sign that the momentum is growing. Also, the Average Directional Index (ADX) has risen to 32, a sign that the trend is strengthening.
The ongoing rebound happened after it formed a double-bottom pattern at $0.00004615. It had formed a giant falling wedge pattern before that happened.
Floki is now approaching the significant resistance point at $0.00009627, which corresponds to the lowest swing on August 5. Therefore, a move above that level will signal that bulls have prevailed, which will lead to more gains. The next price to watch is the psychological level at $0.0001, which is 15% higher than the current level.
Virtuals Protocol price forecast
Virtuals Protocol, a top AI agent token generator, has done well in the past few days. Its token rose from a low of $0.5310 to the important resistance level at $1.50, its highest point since February 5.
VIRTUAL price has jumped as most tokens in the ecosystem soared. Some of the to-performers were VaderAI (VADER), GAME (GAME), Ava AI (AVA), Ribbita (TIBBIR), and aixbt. Most of these tokens have jumped by over 50% in the last few days. This surge will likely help it boost its fees, which have fallen in the past few months. It generated $3.65 million in January, a figure that has dropped to just $132k.
The daily chart shows that the VIRTUAL price bottomed at $0.5300 last week and has now soared to $1.50. It has crossed the neckline of the bottomline at $0.8500. The coin has jumped above the 50-day moving average, while the ADX index has jumped to almost 40. The VIRTUAL price will likely keep rising as buyers target the psychological point at $2.0.
Monero price technical analysis
Monero, a top player in the privacy industry, formed a God candle this week as it was used to launder stolen Bitcoins. It jumped to a high of $355.6, its highest level since May 2021. This price also coincided with the 61.80% Fibonacci Retracement level on the weekly chart.
Monero has crossed the important resistance level at $244.41. It also moved above the crucial resistance level at $185, the highest swing between 2023 and 2024. This price also coincided with the 23.6% retracement point.
Therefore, the Monero coin is likely to continue rising in the near term. If this happens, the next point to watch will be at $300. A drop below the support at $200 will invalidate the bullish outlook.
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