VIRTUAL Tops 100 Crypto Gainers—But This Rally Has Expiration Date

VIRTUAL just smoked the competition, surging to the top of today’s gainers list. Traders are piling in—but smart money’s already eyeing the exits.

Why the skepticism? Three red flags:

1. Volume tells the real story: That 200% pump rides on thin order books. One whale dumps, this house of cards collapses.

2. Macro ghosts linger: The Fed’s still playing whack-a-mole with inflation. When risk-off returns, altcoins bleed first.

3. VIRTUAL’s fundamentals? Please. This isn’t tech—it’s a casino chip with extra steps.

Pro tip: Enjoy the ride, but keep fingers near sell buttons. These meme-fueled rallies tend to end the same way—with bagholders blaming ’market manipulation’ while VCs cash out.

An incoming correction amidst price rally

AMBCrypto’s analysis of the Relative Strength Index (RSI) showed that VIRTUAL might enter a corrective phase soon.

The RSI is a technical indicator that determines whether an asset is overbought or oversold based on the reading on the chart.

A reading between 50 and 70 shows that the asset is in a positive zone. However, once it exits this phase and rises above 70, it indicates that the asset is overvalued and may experience a price drop.

Source: TradingView

This is a historic pattern that often repeats, suggesting a price decline is likely. Interestingly, the Money FLOW Index (MFI) suggests that the drop will be minimal.

The MFI, which measures the inflow and outflow of funds from the market, shows that liquidity is still entering the market.

It was 73.77 at press time, confirming that liquidity continued to enter the market and reducing the chances of a sharp decline. Having said that, a mild pullback to the $1.6 support remains possible.

Liquidity clusters give a range

According to CoinGlass’s Liquidation Heatmap, liquidity clusters for VIRTUAL lay between $1.6 and $1.8.

Liquidity clusters are levels on the chart with unfilled orders that act as price magnets, drawing the asset toward them.

Source: CoinGlass

These clusters are identified by colors on the chart—green, yellow, or darker shades. The yellow levels mark zones with high liquidity clusters, and there are specific levels on the chart within this range.

When the price reaches any of these levels, VIRTUAL may rebound, especially if buying momentum increases.

Buyback resumes again

On the 8th of May, spot traders sold their VIRTUAL holdings, with a total of $788,490 worth of the asset offloaded.

However, as of press time, there has been a shift. These traders have now purchased a total of $1.96 million worth of VIRTUAL from the market.

Source: CoinGlass

Moreover, in derivatives, the Funding Rates turned positive, flipping bullish for the first time since the 8th of April.

This shift confirms renewed Optimism among Futures traders, reinforcing the probability of another upside continuation.

Source: CoinGlass

If buying activity in both the spot and derivative markets continues, it is likely that the asset will resume its push to the upside.