The broader crypto market remains under pressure, and Virtuals Protocol is feeling the heat. Over the past 24 hours, VIRTUAL has dropped more than 10%, placing it among the top five biggest losers in the top 100, with a 16% weekly decline.
Yet, beneath the bearish headlines, a critical technical battle is forming.
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🔍 Technical snapshot: Bears still in control
VIRTUAL has been in a steady downtrend since November 1, following a short-lived rebound after the October 10 crash.
Key indicators remain bearish:
10-day & 25-day SMAs sloping downward
Price trading below moving averages
MACD firmly negative
OBV showing weakness around –$1.55M
Trading below both SuperTrend and the Ichimoku Cloud
According to trend models, bearish momentum is still dominant.
However, there’s a twist 👇
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📊 Compression + Oversold = Bounce potential?
Despite the weakness:
Price compression is tightening, often a precursor to a sharp move
RSI is oversold, suggesting selling pressure may be exhausted
Technically, VIRTUAL does not need to break below $0.70 to reset. Holding this zone could be enough to spark a relief bounce.
A clean loss of $0.70, however, would likely accelerate downside.
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🌐 Network activity confirms the slowdown
Fundamentals are echoing the chart weakness:
Holder count declined to ~1.03M
Trading volume collapsed from $1B → $80M (nearly 10× drop)
Liquidity fell to $13M
Ecosystem fees slid from $20M peak → $8.51M
This drop in usage explains why buyers remain cautious.
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🧲 Liquidity heatmap tells a different story
Liquidity data suggests $0.70 is a high-interest zone:
Strong liquidity stacked at $0.70, repeatedly triggering reactions
Price clusters forming above $0.72, acting as a magnet
Highest near-term liquidity concentration sits near $0.80
VIRTUAL is currently sandwiched between liquidity pools, often a setup that precedes a directional move.
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🎯 Scenarios to watch
Bull case: Hold $0.70 → liquidity pull toward $0.72–$0.80
Bear case: Lose $0.70 → sell pressure expands, trend continuation
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🧠 Bottom line
Momentum is still bearish, but structure is stabilizing.
If bulls defend $0.70, VIRTUAL could stage a technical bounce despite weak fundamentals.
This level decides whether VIRTUAL finds relief…
or slips into the next leg down. ⚠️📈
