Virtual Protocol (VIRTUAL) Market Analysis & Trade Plan
Overview: Virtual Protocol has maintained a strong structure, currently holding above the $1 billion market cap with $277M+ trading volume. After facing resistance at $1.84, the coin is undergoing a healthy consolidation while still maintaining bullish momentum on higher timeframes.
Technical Analysis Summary:
Resistance Zones: $1.84 (current rejection), $2.30–$2.33 (main breakout target)
Support Zones: $1.65 (key mid-range support), $1.50 (critical holding level), $1.25 (deeper but still bullish zone)
Trend Structure: Weekly and 5-day candles remain bullish; RSI cooling off after hitting overbought levels, suggesting a reset before continuation.
Trade Setup:
Entry Zones:
Primary Entry (Safer Buy Zone): $1.50 – $1.30
Early Entry (Aggressive): Around $1.65 with careful risk management
Targets:
TP1: $1.84 (short-term breakout level)
TP2: $2.30–$2.33 (major resistance target)
TP3 (if momentum continues): $2.60+
Stop Loss:
Tight SL: Below $1.47 (for short-term setups)
Wider SL: Below $1.25 (structure invalidation zone)
Conclusion: VIRTUAL is consolidating above key levels with bullish momentum intact. As long as price holds above $1.50, the upside target of $2.30 remains in play. A deeper correction into the $1.30 zone would present a prime buying opportunity.