VIRTUAL has become one of the weakest performers today, dropping 16% in the past 24 hours. The token is currently trading at $1.53 after slipping through two critical support levels.
If market conditions remain weak, VIRTUAL could extend its decline toward $1.37, marking another potential support test. This level will be crucial for determining whether the altcoin stabilizes or faces additional downside.
However, a rebound remains possible as technical indicators show improving signs. The exponential moving averages (EMAs) are approaching a potential Golden Cross, with the signal line nearing a bullish crossover. If confirmed, VIRTUAL could rally toward $2.00, signaling a shift in momentum and invalidating the current bearish outlook.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.