📈 $VIRTUAL Market Snapshot – Is Accumulation Underway?
VIRTUALUSDT is showing signs of a potential reversal after a sharp decline from $5.16 to $0.41. Currently trading around $1.62, the price has climbed over +10% in 24h, suggesting growing buying interest.
🔍 Chart Insights (1M View):
Massive volatility with a long bottom wick — possible sign of dip buying.
Strong volume spikes hint at accumulation phase by traders.
MA(7) at $1.47 is now below current price = short-term bullish momentum.
📊 Order Book & Depth Data:
Bid-Ask ratio is nearly balanced (50.24% vs 49.76%) – a tug of war between bulls and bears.
Buyers are stacking at $1.6185–$1.6188, indicating near-term support.
🧠 What to Watch:
If price holds above $1.60 and volume continues, we could see a breakout toward $2.00.
However, failure to maintain support might invite another retest toward $1.45–$1.50 zone.
💡 Always combine TA with solid risk management!