VIRTUAL Token Tests Critical Resistance at $1.4-$1.5 Amid Bearish Weekly Trend
Virtual Protocol's VIRTUAL token is testing a crucial resistance zone between $1.4 and $1.5, a level that aligns with Fibonacci's golden ratio and may prompt profit-taking. Despite significant trading volume, the asset remains in a weekly downtrend characterized by lower highs and lows.
Currently priced at $1.05 with a market cap of $694.66 million, VIRTUAL has seen a 5.25% daily decline as sellers control short-term momentum. Analyst CryptoPulse emphasizes that the bearish trend won't reverse without a high-volume breakout above $1.5, supported by strong candle confirmation.
With $317.42 million in 24-hour trading volume, speculation is active, but the technical outlook favors sellers until key resistance is breached. Traders are watching for either a trend-confirming rejection at current levels or a breakout that could shift the downward channel structure.