Will TVK Crypto be Bullish In 2024?

The chart of the Virtua cryptocurrency (USD: TVK) is showing a strong upward trend and is trading near the $0.06495 resistance line. Buyers are eager to overcome obstacles and reach new heights. TVK cryptocurrency price has increased by more than 123.95% in the past month. Price is trading above major moving averages indicating a bullish mood. 

The price action indicates that the TVK cryptocurrency broke multiple highs, demonstrating the strength of the bulls. Terra Virtua Kolect (TVK) is a cryptocurrency that is used in Virtua, a metaverse that focuses on gaming and social experiences.

Terra Virtua Kolect (TVK) is an ERC-20 token that runs on the Ethereum blockchain. It has a total supply of 1.2 Billion tokens and a circulating supply of 777 Million tokens as of November 2021. The token was launched in December 2020 through an initial exchange offering (IEO) on Binance, one of the largest cryptocurrency exchanges in the world.

The oscillator indicates that the current price is overbought. Investors are optimistic about next week’s results. The price of the Virtua cryptocurrency has dropped by about 3.33% over the past week and rose by 123.95% over the past month. 

However, in the long term, the cryptocurrency has performed well, with the cryptocurrency price rising by about 136.49% in the last three months and about 40.48% in the last six months. The stock’s performance over the course of the year was excellent, with the stock price rising by about 49.48% year to date.

Technical Analysis of Virtua Crypto Price in 1-D Time Frame

Virtua (USD: TVK) has seen a steady rise in the price of the cryptocurrency over the past three months, gaining 137.69% and 41.20% over the past month. Currently, the TVK cryptocurrency is trying to maintain this level even after the unexpected price surge.

If he sustains at this level, the price of Virtua may reach the first and second targets of $0.06495 and $0.05376, respectively. However, if the TVK price fails to maintain this level and falls, it may reach the nearest $0.04166 and $0.03525 support levels.

The Virtua (USD: TVK) cryptocurrency is currently trading above its 50-day and 200-day exponential moving averages (EMAs), which are supporting the price momentum.

However, as buying volume increases, the price could reach higher highs and new highs to maintain bullish momentum. Therefore, the Virtua price is expected to move higher and remain strong on the daily chart. 

The current RSI value is 69.60 points. The 14 SMA is above the centerline at 59.69 points, indicating the bullish nature of the Virtua cryptocurrency. The MACD line at 0.00574 and the signal line at 0.00642 are above the zero line. A bearish crossover is observed. The MACD indicator signals weakness in the momentum of the TVK crypto price.

Summary

Technical oscillator Virtua (USD: TVK) supports the bullish trend. MACD, RSI, and EMAs are giving positive signals, suggesting that the uptrend in the price of the TVK cryptocurrency may continue. Price action suggests that investors and traders are optimistic on a daily basis. Price movements reflect an optimistic outlook.

Technical Levels

Support Levels: $0.04166 and $0.03525

Resistance Levels: $0.06495 and $0.05376

Disclaimer

This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.

Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.