【Surge of 50%! Is VIRTUAL going crazy?】 Jumped to the top of the gainers list, but a 'pullback kill' may be on the way!

The focus of the crypto market, VIRTUAL, surged 50% within 24 hours, rising over 71% in the past 90 days, and at one point ranked among the top five gainers in the top 100 coins, igniting investor attention. However, technical and liquidity data reveal a dangerous signal: this frenzy may be difficult to sustain!

Overbought warning has been issued, a pullback may be imminent

The technical indicator RSI shows that VIRTUAL has broken through the overbought threshold of 70, entering a region that historically often accompanies price declines. At the same time, liquidity data indicates that a dense 'price absorption zone' has formed between $1.6 and $1.8, which may become the target range for a short-term price pullback.

The good news is that the Money Flow Index (MFI) remains strong, indicating that market liquidity is still abundant, and the risk of a sharp decline is currently low.

The liquidation heatmap reveals key support levels

According to the latest liquidation data, there is a noticeable accumulation of liquidity around $1.6, providing potential support for VIRTUAL. If the price dips to this area, it may attract new buying interest, triggering a technical rebound.

Buying interest returns, futures market turns bullish

On May 8, the market saw a brief spot selling pressure, with intraday sell-offs approaching $790,000, but investors quickly replenished, with buying amounts rebounding to $1.96 million. In the derivatives market, the financing rate turned from negative to positive for the first time in nearly a month, rekindling bullish sentiment.

Conclusion:

VIRTUAL's short-term trend is strong, but the technical indicators are releasing overbought signals, and a price correction may occur in the short term. If the support range holds steady, and is accompanied by continuous buying in both the spot and futures markets, there is still hope for further gains in the future.