VIRTUAL price prediction: Is low volume a risk to further gains?

Virtuals Protocol [VIRTUAL] was up 3.63% in 24 hours, at press time.  Coinalyze information confirmed that the Open Curiosity (OI) has jumped by 10.82% in a day, whereas the spot CVD was sinking in latest hours.

This confirmed that speculators have been satisfied VIRTUAL might go larger within the short-term.

Supply: Coinalyze

The shortage of spot demand and the excessive OI meant that the VIRTUAL token rally may be unsustainable within the short-term.

Supply: VIRTUAL/USDT on TradingView

The 1-day VIRTUAL chart confirmed that the longer-term pattern and swing construction have been bearish. The market reversed its early‑January rally later within the month, displaying it was not prepared to show bullish.

The transfer past the$0.679 native excessive mirrored an inside construction shift. It occurred final Saturday, and was adopted by a retracement into the imbalance (white field) at $0.062 over the week’s buying and selling.

The previous 48 hours noticed a value bounce from this short-term demand zone. Nevertheless, the OBV was unable to set convincing new highs, particularly as a result of the each day buying and selling quantity has been under the 20DMA in February.

The MACD confirmed that the altcoin has some upward momentum, however the prevalent pattern remained bearish, for the reason that indicator was under the zero line.

VIRTUAL value prediction: Right here’s why a pullback is predicted

Supply: VIRTUAL/USDT on TradingView

Utilizing the 1‑day timeframe’s tried rally, analysts plotted Fibonacci retracement ranges. The 78.6% stage at $0.565 aligned with the native demand zone (cyan), a bullish order block that fueled VIRTUAL’s brief‑time period breakout to $0.699.

Due to this fact, it might be an fascinating zone for the bulls in case of a retest. The VIRTUAL value trajectory was bearish within the long-term. The present bounce might attain $1, a key native resistance and psychological round-number stage.

Swing merchants can stay sidelined till the quantity traits enhance. A transfer previous $0.699 would make it possible that the $0.82 and $1 value targets have been inside attain.

Remaining Abstract

• The VIRTUAL short-term value prediction was bullishly biased as a result of inside construction shift on the 1-day chart.
• Swing merchants must be cautious of going lengthy, because the predominant larger timeframe pattern was bearish. Furthermore, the short-term demand lacked convincing quantity.

Disclaimer: The knowledge introduced doesn’t represent monetary, funding, buying and selling, or different varieties of recommendation and is solely the author’s opinion.