Important points
What triggered Virtuals Protocol’s recent price spike and surge in on-chain activity?
This rise was driven by Coinbase’s integration with x402 payment protocol and new OKX listing.
What do technical indicators suggest about VIRTUAL’s near-term price outlook?
The bullish crossover between DMI and Stochastic Momentum indicates continued upward momentum towards the $2.1 resistance level.
virtual protocol [VIRTUAL] It successfully defended the support level at $1.2, surging 36% to a four-month high of $1.86 before falling back.
At the time of writing, Virtuals Protocol was trading at $1.77, up 24% on the daily chart. During the same period, its transaction volume increased by 84% to $928 million, reflecting growth in on-chain activity.
But why is VIRTUAL rising?
Linking with Coinbase’s x402 payment protocol
AMBCrypto observed the following: VIRTUAL’s recent rise was primarily driven by its integration with Coinbase’s x402 payment protocol.
x402 is an open payments standard that enables AI agents and services to perform on-chain stablecoin transactions instantly, without requiring user accounts, subscriptions, or complex authentication.
After the integration, the number of active agents and wallets holding $10 or more of agent tokens increased significantly, showing signs of rapid adoption.
Source: Dune
According to Dune data, the total number of AI agents has jumped to 18,216, indicating that new capabilities for the network are being rapidly deployed.
As a result, unique wallets containing Ethereum and base agent tokens surged to 172,437, while Solana wallets peaked at 10,674.
Source: Dune
Additionally, weekly transactions between agents range from 5,000 to 25,000, indicating increased network usage.
More importantly, VIRTUAL’s ecosystem has recently seen significant growth across all features.
OKX list expands virtual access
Another major driver of VIRTUAL’s rise is its recent listing on the OKX exchange. This listing significantly expands the token’s market reach and liquidity, attracting a broader user base and increasing investor interest.
In fact, as of this writing, VIRTUAL’s spot trading value has increased by 576% to $16.7 million, according to Artemis data. At the same time, the number of daily active users on Spot DEX increased by 141.7% to 97,000.
Source: Artemis
A parallel increase in active users and volume typically indicates more on-chain activity and healthy demand.
Therefore, listing on OKX created new demand and capital inflows, which had a positive impact on virtual price movements.
How far can the AI wave drive virtualization?
According to AMBCrypto, Virtuals Protocol has rebounded as demand and on-chain activity surged following the OKX listing and Coinbase’s x402 integration.
As a result, Virtual’s upward momentum has further strengthened. In fact, the Directional Movement Index (DMI) showed a bullish crossover and rose to 35 at the time of writing.
Source: TradingView
At the same time, the altcoin’s stochastic momentum also made a bullish crossover, rising to 52 and entering bullish territory.
These two indicators are making a parallel bullish crossover, indicating strong upward momentum driven by sustained demand.
These market conditions often set the stage for further price increases.
If buyers continue to capitalize on the current momentum and maintain strong demand, Virtuals Protocol could aim for the next resistance level at $2.1.
However, if recent gains prompt holders to book profits, the resulting selling pressure could push the price back towards the $1.3 support level.