Virtuals Protocol [VIRTUAL]: Can Altcoin Reach $6 Despite Whale Profit-Taking
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- VIRTUAL rose by over 10% in just 24 hours!
- VIRTUAL faced liquidation risks for highly leveraged orders at the $3.10 level.
The Virtuals Protocol (VIRTUAL) has recently experienced a notable price surge, with the altcoin increasing from approximately $2.95 to $3.22. This move represents a significant 10.57% increase within just one day, and its market cap reached an impressive $3.22 billion.
Despite a decrease of 5.78% in daily trading volume to $290.57 million, the volume-to-market cap ratio remained robust at 9.05%, indicative of healthy trading activity.
The altcoin’s recent performance signals investor optimism, reflecting VIRTUAL’s strong market position that may influence its future price movements.
The Future of VIRTUAL: Price Action and Predictions
An analysis of the chart indicates that VIRTUAL successfully tested its all-time high (ATH) while attempting to break through a significant resistance level; it initially peaked at around $2 before breaking out and reaching an ATH of $3.33.
However, following this peak, there was a decline that led to price stabilization around the $2 mark, suggesting resistance-to-support momentum which supports bullish forecasts predicting VIRTUAL could hit the $6 milestone soon.
Source: Trading View
If there is a break below the current consolidation zone, we may see a retest of both the midline and lower boundary of Bollinger Bands—both being critical support levels in play.
A breach below this lower band could trigger short-term downturns within an overarching uptrend scenario.
Liquidation Heatmap & Whale Activities
The liquidation heatmap indicated specific concentrated liquidation levels associated with heightened price volatility; it identifies that liquidity risk peaks at approximately ($3.1074), representing about $453.32K at risk if prices reach this point!.
The current trajectory shows prices inching closer towards these thresholds – hinting possibly increased trades making pivot points for upcoming dynamics!
Source: Coinglass P >
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(Prevailing trends suggest traders are likely targeting these dense liquidation zones aiming exploit shifts regarding market sentiments!) P >
Pushing against them results further means fluctuating prices remains reflective supply-demand dynamic running through crucial technical sectors! 🎯 P >
A particular whale from Virtuals Protocol executed trade involving ‘9 .9 cbBTC’exchanged against '1
Whales currently hold [‘887k virtual units’, roughly lining “$ **$2750000**” – signaling expectations aiming greater:
This adds context behind profitability clocked sufficiently beforehand relating shown outreach indicators peaking ‘around $45 MN’ { correlated factors resonated encapsulating adventures leading rounded profits claiming “(5X ROI)” !}
ZShare More->UREMENT:|(_.... ).>…….<..>🚀💹
