VIRTUAL Price Could Rally Beyond $3 If This Pullback Level Holds — Here’s Why

Despite an 8% drop in the last 24 hours, Virtuals Protocol (VIRTUAL) remains up nearly 79% over the past week, suggesting the pullback is a pause before further gains, provided key support holds. Mega whales have been accumulating, increasing their holdings by 0.06% during the dip, while exchange balances have decreased, indicating profit-taking by smaller holders but net buying pressure remains. Chart indicators are improving, with the 100-period EMA crossing above the 200-period EMA on the 4-hour chart, and the Money Flow Index (MFI) rising, potentially driven by renewed retail interest following the VIRTUAL/USDT listing on OKX. Technically, VIRTUAL recently broke out of a flag-and-pole pattern projecting a move toward $3.34. For this rally to continue, the price must close a 4-hour candle above $1.65, supported by a hidden bullish divergence on the RSI. The bullish setup remains valid as long as VIRTUAL defends the $1.17 support level.

(Source：BeInCrypto)