VIRTUAL Token Shatters Resistance in Second Parabolic Surge, Eyes $3 Target

Virtual Protocol’s native token VIRTUAL has skyrocketed 89.89% in May, currently trading at $2.39 with a $1.56 billion market cap. This rally echoes April’s 275% surge from $0.60 to $2.25, forming three base structures before the current breakout.

Futures markets show explosive activity, with open interest surging from $35 million in April to $299 million. Daily spot volume hit $2.14 billion on May 9 before stabilizing at $1.38 billion as bullish momentum continues.

Technical analysis reveals a U-shaped recovery from April lows, with the $2.20 breakout now serving as support. Consecutive parabolic arcs suggest institutional accumulation, though traders should watch for potential exhaustion NEAR the $2.80 local top.

Critical levels include psychological resistance at $3.00 and the January ATH zone of $3.87-$4.00. Maintaining above $2.20 confirms structural strength, positioning VIRTUAL for potential upward movement toward macro targets.