$VIRTUAL remains trapped in a broader bearish structure after failing to reclaim descending trend resistance.
๐ Technical Read
Structure: Descending trend with continued compression
Price Action: Weak, corrective bounces signal low buyer conviction
Bias: Bearish while price stays below the downtrend line
๐ฏ Outlook
Compression near the lower boundary keeps downside pressure active
โ ๏ธ Only a decisive breakout and hold above the descending trendline would invalidate the bearish bias and shift structure
#Binance #VIRTUAL #TechnicalAnalysis #CryptoMarket #WriteToEarnUpgrade ๐
