đš VIRTUAL USDT Breakdown
đš
Bearish Momentum Gaining Steam
đȘ Price Snapshot (JulyâŻ29,âŻ2025)
* Current Price: ~$1.472 USDT
* 24h Drop: â6.5%
* 7-Day Decline: â17.6%
* Market Cap: ~$970M
* Volume: ~$170M+ đâš
đ Technical SetâUp: Whatâs Happening on the Charts
* Breakdown: Price has dropped sharply, breaking the key support zone around $1.4745â$1.4800, now sitting at ~$1.48.
* Rejection High: ~$1.62 remains strong resistanceâprice failed decisively there.
* Trendline View: On shorter timeframes, a down-sloping trendline from recent highs confirms mounting bearish pressure.
* Key Levels to Watch:
* âïžResistance: $1.48 (previous support), then $1.62
* âïžSupport: $1.4745 â next stop ~$1.4670 areaâš
đ§± Trade Setup: Short
â Bearish (Momentum Still Strong Downward)
* âïžEntry: Consider short/sell near $1.48â$1.48, once it re-tests broken support as new resistance.
* đŻTarget: $1.4670âif this breaks, expect extension toward $1.44â$1.43 (next support band).
* âïžStop-Loss: Above $1.49â$1.50 to avoid trapped downside.
* Note: Trendline resistance closer to $1.50â$1.52 may cap rallies.
đđđ Volatility: Despite 70%+ correction from ATH (~$5.07 on Jan 2,âŻ2025), developers and institutions remain long term believers.
đđ Ecosystem: VIRTUAL is the backbone of AI + metaverse agent creationâgovernance, monetization, tokenized agents on Base and Ethereum.
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