Virtual protocol [VIRTUAL] traded near $0.699 in the 4-hour period as it tests the upper limit of a tightening range. At the beginning of the sequence, the price recovered from the $0.64 support area, forming a sharp and impulsive move towards the $0.70 to $0.72 resistance band.
At the same time, the Bollinger Bands began to expand, indicating increasing volatility after the previous compression phase. The middle band near $0.65 now acts as dynamic support, which aligns with the horizontal level around $0.6508.
Source: TradingView
Meanwhile, recent candles show rejections from the upper wick between $0.71 and $0.72, indicating that sellers remain active around that resistance corridor. Volume bars also increased during the push from $0.64 to $0.71, suggesting strong participation behind the rally.
However, the latest candles show a slight retracement behavior while the price is around $0.70.
This reaction highlights the structural importance of $0.72. A decisive close above would confirm the breakout momentum, while a failure could return the price to the $0.65 support.
VIRTUAL Momentum Accelerates as Market Tests Structural Resilience
Following the test of resistance near $0.72, momentum continued to rise as VIRTUAL extended its recent rally. At the time of writing, the token had gained approximately 9%, while daily trading volume expanded beyond $125 million. This increase in activity highlights the growing market share behind the move.
At the same time, derived metrics reinforced the strength of the advance. open interest rose to approximately 84 million, approximately an 11% increase, indicating that new capital entered the market along with the price increase.
This alignment between price growth and OI expansion often reflects conviction rather than short-lived speculative spikes.
Source: CoinGlass
Meanwhile, the broader structure shows VIRTUAL approaching a multi-month descending trend line, which is now acting as a critical technical barrier. This breakout attempt also aligns with the anticipated launch of AI DAPP in March.
This dynamic gradually strengthens the buy-side demand as traders closely monitor the resistance at $0.74 and support at $0.62.
VIRTUAL Targets $0.85 as Breakout Structure Forms
VIRTUAL is trading near $0.70 on the 4-hour time frame, consolidating just below the $0.72 resistance zone after breaking a multi-week descending structure.
Initially, the price rebounded from the $0.65 support area, setting higher lows indicating weakening downward pressure.
At the same time, the short-term moving averages between $0.67 and $0.68 are starting to rise, indicating improving momentum.
Source: TradingView
Meanwhile, the RSI near 56 reflects balanced strength without entering overbought territory. This positioning suggests that buyers still have room to extend the move.
The MACD histogram has turned positive, reinforcing the shift towards bullish momentum.
As the consolidation narrows below $0.72, the market is approaching a structural inflection point.
A decisive 4-hour close above $0.7416 could open the continuation towards $0.84-0.90. However, rejection at the resistance may push the price back to the demand zone of $0.62 to $0.63.
Final summary
- Virtual protocol [VIRTUAL] Momentum strengthens near $0.72 as increasing volume and rising volatility signal a potential breakout zone.
- VIRTUAL could target between $0.84 and $0.90 on a breakout, while rejection risks a pullback towards the $0.62 support.
