VIRTUAL/USDT Analyst Update – Key Insights
1. Strong Daily Gain:
VIRTUAL is up +10.91%, trading at $1.8733, showing strong bullish momentum.
2. Volatility Noted:
24H high at $2.1034, low at $1.6819 – price action indicates high trader interest.
3. Heavy Volume:
Over 47.38M VIRTUAL volume confirms active participation and strong liquidity.
4. Support Holding Above MA(25):
Price bounced from 25-day MA (~$1.6770), confirming it as short-term support.
5. Stoch RSI & MACD Signals Mixed:
Stoch RSI low (~17) suggests potential for upside.
MACD still slightly negative but flattening, hinting at possible trend reversal.
6. Chart Pattern:
Recent pullback after peaking at $2.22 now appears to be forming a bullish continuation setup.
7. Fundamental Catalyst:
Headline news on Bolivia proposing virtual currency for cross-border payments may be adding sentiment boost.
Outlook: Cautiously bullish. Break above $1.92 could push retest of $2.10+. Keep an eye on volume confirmation.