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- 1 The EMA’s are supporting the price and last intraday surge was above 5%.
- 2 Bulls are expected to harness more strength to break the resistance level and zoom to new heights.
Victoria VR is a Blockchain-based MMORPG in Virtual Reality with Realistic Graphics built on Unreal Engine, created and owned by its users.
The whole world is designed to be a universal platform for all virtual realities, games, and decentralized applications, collectively creating a Metaverse — a shared virtual realm, the 3D internet.
In the Victoria VR World, there will be games, quests, never-ending adventure, virtual galleries, and The Big Market VR where you can exchange NFT’s in 3D.
In addition, users will be rewarded for each of their activities in the VR world.
Victoria VR Tokens (VR) are the native utility tokens and will be the only acceptable currency in the Victoria VR world.
The use cases of tokens are: Staking DAO Buying VR Lands Buying all assets (items, buildings, resources, wearables, services, tickets, courses, art) Buying modificatory that generate you passive income Advertisements Transport Leasing * And other Extras.
An Economy Of Its Own Victoria VR will become a self-sustaining economy. Traditional businesses will establish locations for themselves in Victoria VR, where they will be able to sell and promote their digital and real-world goods and services.
They will enable the creation of new business models and a new breed of digital entrepreneurs, removing the barriers for them to provide innovative goods and services to the global Victoria VR community.
Victoria VR World will be the place where people will come to work, learn rest and play.DAO will control Victoria VR World through votes. Therefore, everyone can help decide the future of Victoria VR.
All owners of VR tokens and VR lands, will be a part of the DAO and have the right to participate in any vote on the functioning of the Victoria VR. The Vision is for Victoria VR to be a fully operational world that will grow and evolve without any dependence on its original creators.
VR/USD Price Analysis 1-D Timeframe
The VR/USD pair had a strong upward movement since the start of the year, increasing by 57.22% Y-T-D on a daily time frame. However, VR faced massive resistance at $0.018, which brought more sellers into the market. The VR price then traded sideways as the price range narrowed, until it broke out of it with another surge.
This massive rally on the VR/USD chart is likely to continue since it has built a bullish pattern known as a declining wedge in the daily time frame. Buyers in VR are building up more strength, break the resistance level, and zoom to new heights from the current level.
Moreover, the VR/USD might surge strongly from the current level. The next possible target could be $0.01000. On the contrary, if VR fails and slips, then it could decline to $0.00800.
In addition, VR/USD has a CMP of $0.0091 with an intraday rise of 5.33%. The VR/USD pair is in a strong uptrend and above all major EMAs. If the buyers’ pressure rises, the VR crypto might thrust upward another rally and shatter hurdles.
Summary
Using the daily charts, RSI, EMA’s, and MACD, the price trends of VR/USD and VR/BTC pairs indicate that the crypto is bullish and could keep rising higher.
Technical Levels
Support Levels: $0.00800
Resistance Levels: $0.01000
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
