$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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