Let's take a look at $VIRTUAL /USDT on the charts today. We've seen a strong rally recently! The current price is around 1.7441, showing a good gain of over +7.1% in the last 24 hours.
The chart shows that $VIRTUAL had a significant climb peaking around May 2nd. After that strong upward move, the price has pulled back slightly and seems to be consolidating in this area. It's trading below the recent high but still holding onto a good portion of the gains from the past few days.
Looking at the technicals, the MACD is showing signs of potentially losing some bullish momentum after the peak. The price has pulled back from the upper Bollinger Band and is trading between the middle and upper bands, suggesting a cool-off period after the strong rally.
This consolidation phase is interesting. Will VIRTUAL find support here and attempt another move up, or see further pullback?
What are your thoughts on VIRTUAL/USDT's price action after the recent peak? Are you expecting continuation or further correction? Share your analysis below! 👇
