VIRTUAL Expected to Achieve Tenfold Growth? Can We See 5.12?
VIRTUAL Since its launch, has shown impressive performance, soaring from $0.0300 to $5.12 in less than a year, primarily thanks to support from retail and whale investors. Currently, its chart remains bullish, with traders on the weekly chart focusing on the next volatility high approaching $5.12.
The current price is close to the $0.80 gap, showing signs of absorption. This gap was left after the price rebounded from $0.40, and the current pullback is testing this gap, making the price reaction critical. If buyers hold the gap, it may reverse the trend and strengthen bullish momentum, testing the resistance level of $5.12.
On-chain data shows whales are actively positioning themselves, steadily accumulating orders in the spot market, reinforcing the support at $0.80. Leverage long positions in the futures market are also increasing, reflecting confidence in its upward trajectory. If the $0.80 demand zone remains strong, the likelihood of a rebound to $5.12 is high, and a breakout may lead to a tenfold increase. However, caution is advised regarding bearish risks, as a decline in whale support or significant profit-taking may hinder the upward momentum. Despite volatility risks, the $5.12 target remains intact. $VIRTUAL
