VIRTUAL Token Shows Bullish Signals Amid Consolidation, Eyes $1.73 Breakout

Virtuals Protocol (VIRTUAL) is consolidating between $1.50 and $1.60 after a prolonged downtrend, with technical indicators suggesting a potential bullish reversal. The token currently trades at $1.5751, down 1.28% intraday, but market structure shows strengthening support at $1.56 and growing open interest.

Bollinger Band compression on the 4-hour chart signals reduced volatility ahead of a possible breakout, with upper band resistance at $1.7325. The Relative Strength Index and MACD both indicate building momentum without overbought conditions, supporting the case for an upward move.

Traders are positioning for a potential rally toward $2.00 if VIRTUAL clears the $1.73 resistance level. The protocol's ability to maintain support during consolidation points to accumulating buyer interest at current levels.