CandleFocus

Is Virtual's Price Decline a Buying Opportunity?

Author: Content Editor
The Virtual Protocol cryptocurrency has experienced a decline of 14.55% in its daily trading, currently valued at $2.19. Over the past 24 hours, the token has been volatile, ranging between $2.15 and $2.72. Its all-time high was $3.29, but it has since fallen by 32.06%, suggesting a market correction. The 24-hour trading volume has decreased by 25.78% to $270.48 million, while the market cap is now $2.19 billion. The cryptocurrency is expected to correct to lower levels, with potential support at $1.815. A bullish reversal could occur if the token reaches this support level and targets $4 in the medium term. Key indicators show consolidation and possible stabilization for the Virtual Protocol token. However, a break will only be confirmed if the price surpasses the next resistance level at $2.62. There have been significant liquidation activities in the token's Binance USDT pairs, particularly at the levels of $2.7 and $2.5. Traders may provide resistance if the price attempts to recover in these liquidation zones. Traders are becoming more accustomed to the lower price zone around $2.1, indicating growing support.

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