$VIRTUAL /USDT TECHNICAL ANALYSIS: BULLISH TREND BUILDING WITH EYES ON $2.25 BREAKOUT
$VIRTUAL /USDT pair has gained +7.93% in the last 24 hours, currently trading at $2.2164 after reaching an intraday high of $2.2284 and bouncing off a low of $2.0025. This sharp upward move is backed by strong volume — 17.59M VIRTUAL traded with a USDT volume of $36.85M, signaling strong market interest and bullish activity.
Key Technical Observations:
Immediate Resistance:
The next major resistance lies at $2.2500,
A clear breakout above this level could lead to a rally toward $2.35 – $2.40.
Support Levels:
Initial support at $2.1500,
Stronger demand seen around $2.0500 – $2.0000, where previous consolidation occurred.
Market Momentum:
The 1-hour chart shows steady higher lows, indicating a bullish ascending channel. Price is comfortably above the $2.20 psychological level, showing strength in continuation.
Volume Confirmation:
Sustained high volume reflects buyer conviction. If volume remains strong near $2.25, a breakout scenario is likely.
Market Outlook:
If VIRTUAL holds above $2.20 and successfully breaches $2.25, bulls may push the price toward the $2.35+ zone. However, if rejected, $2.10 – $2.00 offers potential re-entry opportunities for bullish traders.
Trend Bias: Bullish
Breakout Level: $2.25
Short-term Target: $2.35 – $2.40
Support Zone: $2.15 – $2.00
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