$VIRTUAL /USDT +8.04% — Attempting Reversal, But Faces Overhead Resistance
VIRTUAL is trading at $1.33, up +8.04% on the day, with a 24h range between $1.2112 and $1.3572. Volume is strong with 21.13M VIRTUAL and 27.55M USDT, suggesting increased trader interest as price attempts a bounce.
Technical Snapshot:
MA(7): $1.2443 (support reclaimed)
MA(25): $1.5125
MA(99): $1.7206
The current price sits above the 7-day MA, indicating short-term bullish momentum, but it's still trading below both the 25- and 99-day MAs, which are acting as major resistance zones.
A clean breakout above $1.36–$1.51 (MA25 zone) could open up a push toward $1.72 (MA99), and eventually $2.00 psychological resistance. On the downside, failure to hold above $1.24 could trigger a retracement back to $1.21 or even $1.12.
Momentum is building, but bulls need to reclaim the mid-term trend for this rally to sustain. Caution advised near resistance.