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$VIRTUAL : THESE levels hint at a potential reversal ahead
Prices in the crypto arena dropped sharply as the market took a hit due to the current global geopolitical unrest and policy. Inasmuch, Virtual Protocolโs [VIRTUAL] price shrunk by 11% recently.
At press time, the price move had pushed the token into a critical demand zone near $0.6240.
This level had previously initiated several rejections and could attract more buyers in the near future as they look forward to investing in the recent dip as selling pressure cools.
Tactical repositioning?
Consequently, the number of withdrawing addresses has reduced significantly recently.
The reduction points to a tactical realignment of investors and long-term holders as they anticipate a further price rally after the potential rally at the current demand zone.
Taken together, VIRTUALโs price reaction at the $0.6240 demand zone, weakening selling momentum, and supportive on-chain metrics all reinforce the likelihood of a near-term reversal.
However, confirmation remains key. VIRTUAL buyers must hold current levels and push price above short-term resistance to confirm a recovery.
Until then, volatility is expected as the market tests whether this correction will be an accumulation or just another pause before bearish continuation.
#VIRTUAL #Crypto