VIRTUAL Token Sees Short-Term Bounce as Traders Eye Key Resistance Levels
The Virtuals Protocol (VIRTUAL) token has gained 3.38% over the past 24 hours, providing some temporary relief following a week-long selloff. Despite this bounce, the token remains down 11.31% over the last seven days, indicating persistent bearish pressure. Currently trading at $0.848 with a market capitalization of $557.24 million, VIRTUAL's 24-hour trading volume has dropped 45% to $83.93 million, suggesting weak conviction behind the recent rebound.
Weekly charts show entrenched bearish dynamics, with the price trapped below all major moving averages. The $1.00 to $1.05 zone now acts as a critical resistance level—a rejection here could confirm the ongoing downtrend. While oversold Bollinger Bands hint at potential for a technical bounce, traders are waiting for confirmation of sustained momentum above $1.22 to signal a possible trend reversal.
