VIRTUAL’s Rally? A Delightful Downturn?

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The esteemed Virtuals Protocol (VIRTUAL) hath experienced a most unseemly retreat, having descended by 8% within the past day. Yet, the broader scheme doth appear most promising.

Though the token hath risen by a staggering 79% over the past seven days, this recent dip may well be but a brief respite before another ascent, provided it doth remain above the fabled support level. 🐷

The Magnificent Mega Whales Accumulate as Retail Interest Returns

While the humble retail investors hath booked their profits, the top 100 VIRTUAL addresses, those most illustrious of mega whales, have quietly bolstered their holdings during the latest dip. Their combined balance hath increased by 0.06%, to 966.01 million tokens, signifying an addition of approximately 0.58 million VIRTUAL. 🧑‍💼

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This steady accumulation, nay, this most deliberate acquisition, doth oftentimes portend that the grand holders view the correction as but a fleeting tempest. 🌩️

Meanwhile, exchange balances hath dwindled by 0.46%, with about 0.18 million tokens having departed trading platforms. This doth suggest that while the mega whales hath loaded up, the retail and smaller whales might be booking profits. Yet, net buying pressure remainth. 🧾

This quiet accumulation doth align with improving chart signals, as if the very stars themselves hath conspired to bless the token. 🌟

On the 4-hour chart, the 100-period Exponential Moving Average (EMA) hath just crossed above the 200-period EMA, a most bullish crossover that oft signals growing strength in the short-term trend. The EMA, a most cunning indicator, doth grant greater weight to recent prices, aiding traders in discerning early momentum shifts. 📈

At the same time, the Money Flow Index (MFI), which tracketh the ebb and flow of capital based on both price and volume, hath begun its upward ascent from near 40 toward 60. 🔄

This doth signify the return of buying power, especially from retail traders, who oft react to whale-led moves. The recent VIRTUAL/USDT listing on OKX may be the sentimental driver of this renewed retail pickup. 🧾

Together, these on-chain and chart signals doth suggest that both large and smaller investors are positioning for a continuation of the broader uptrend. The VIRTUAL price pullback, for now, doth appear to be a pause and not the end of the rally. 🕊️

The Flag Breakout And Bullish Divergence Keep the VIRTUAL Price Rally Alive

VIRTUAL hath recently broken out of a flag-and-pole pattern near $1.42, a most auspicious setup that oft precedes continued upside after a sharp rally. From that breakout, the projected move pointeth toward $3.34, representing a potential 133% gain from current levels. 💰

However, the token must first close a full 4-hour candle above $1.65 to confirm renewed strength and attempt a push toward $3.34. Adding conviction to this view, between October 26 and 28, the price made a higher low while the Relative Strength Index (RSI) made a lower low. 🧠

This pattern, a hidden bullish divergence, doth typically show that an uptrend remaineth intact even as prices cool. 🌡️

It also hinteth that the ongoing pullback could end anon if buyers continue to defend the lower levels. 🛡️

For downside validation, the bullish setup remaineth valid as long as VIRTUAL holdeth above $1.17. A 4-hour close below that would open the way toward $1.06. That would invalidate most of the bullish pole-and-flag breakout momentum. ⚠️

Even if the rally reacheth $3.34, VIRTUAL would still be about 35% below its all-time high of $5.07, leaving ample room for recovery. If the broader trend continueth, this pullback could drive the next major rebound phase rather than its end. 🌱

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2025-10-28 15:37