VIRTUAL has dropped more than 10% in the last 24 hours, technical trends and network activity are weakening, but the 0.70 area has a thick liquidity cluster that could trigger a short-term bounce.
This altcoin ranks 5th in terms of decline among the top 100 in the past week (-16%). Many indicators (SMA10/25, MACD, OBV), along with volume, fees, and the number of holders are declining, indicating that selling pressure is predominant.
MAIN CONTENT
VIRTUAL dropped >10% in the last 24 hours, week -16%, price structure remains bearish.
Network activity is weakening: holders ~1.03 million, volume decreases sharply, fees decline.
The liquidity cluster at 0.70 may trigger a bounce; 0.72–0.80 is a price attraction zone.
VIRTUAL is under selling pressure, the trend remains down.
VIRTUAL price has decreased over 10% in 24 hours and -16%/week; the price is below SMA 10/25, under SuperTrend and the Ichimoku cloud, confirming the downtrend.
In a context of volatility and thick liquidity clusters, traders can utilize the derivatives toolbox, risk management, and liquidity on BingX to monitor liquidity clusters, funding, and open positions, supporting decisions in the 0.70–0.80 area.
The price has been steadily declining since 01/11, after a short rebound of 10 days since the sharp drop on 10/10. According to DyorNetCrypto, the trend point of this altcoin remains extremely bearish.
SMA 10 and 25 days are both sloping down; MACD is in the red column. OBV is weakening to a negative level of 1.55 million USD, emphasizing the absence of inflows.
Price is below SuperTrend and under the Ichimoku cloud, reinforcing the bearish trend. The compression pattern is tightening, signaling a potential reversal when conditions are right.
RSI is in the oversold zone, increasing the probability of a rebound reaction. The 0.70 area is a key threshold; it does not necessarily have to break through, but if lost, selling pressure may accelerate.
VIRTUAL network activity is weakening.
Volume, liquidity, fees, and the number of holders have all decreased: holders around 1.03 million; volume from about 1 billion USD down to 80 million USD; liquidity remaining at 13 million USD; fee revenue down from 20 to 8.51 million USD.
According to CoinMarketCap, the number of holders decreased over the week, reaching about 1.03 million. Since the beginning of November, token volume has dropped from about 1 billion USD to 80 million USD, a reduction of about 10 times.
Liquidity has only halved, remaining at 13 million USD, indicating that order matching is still maintained but trading demand has sharply decreased.
Ecosystem fee revenue has declined over 5 quarters: peaking at 20 million USD right after launch, then dropping to 8.51 million USD, reflecting cooling on-chain activity and network usage.
The 0.70 area is concentrating liquidity, which may trigger a bounce.
The liquidity heatmap shows that 0.70 is a thick liquidity accumulation area, with each touch having a rebound reaction, suggesting potential technical recovery.
Liquidity clusters are forming above 0.72. As the price rises, these clusters may act as 'magnets' pulling the price forward.
The highest liquidity concentration of the day is around 0.80, which may be a near target if the bulls control the recovery.
However, the price is 'trapped' between two liquidity clusters. The liquidity around 0.70 may slow the upward momentum if not sufficiently absorbed.
Conclusion
VIRTUAL drops >10% due to a technical breakdown, network activity weakens.
The 0.70 area has thick liquidity, supporting short-term bounce potential.
The liquidity cluster 0.72–0.80 may be a 'magnet' for the next rebound wave.
Frequently asked questions
Why did VIRTUAL drop sharply in the past 24 hours?
The price broke through the SMA 10/25 lines and is below SuperTrend, Ichimoku cloud, while MACD/OBV weakens. At the same time, volume, fees, and the number of holders decrease, exacerbating selling pressure.
What technical levels are noteworthy for VIRTUAL?
Key support around 0.70. Above, the liquidity clusters 0.72–0.80 may attract price when it rebounds. Traders are monitoring SMA 10/25, MACD, RSI, and the response of the heatmap.
When can it be considered a reversal confirmation?
When the 0.70 area is maintained, the price reclaims SMA/SuperTrend level and escapes the Ichimoku cloud, while volume recovers, OBV improves, and the heatmap shows liquidity absorption in the upper cluster.
Source: https://tintucbitcoin.com/virtual-giam-10-070-usd-giu-noi/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news on the cryptocurrency market and not miss any important information!
$BTC $ETH $BNB $XRP $SOL