VIRTUAL’s Wild 24-Hour Plunge: Investors Panic or Opportunity Knocks?

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VIRTUAL price, leaving investors clutching their pearls, has nosedived, plummeting 58.7% in the last 30 days and dropping another 15% in the past 24 hours. Now, its market cap is a mere $1.23 billion. Maybe the bears are throwing a grand picnic? 🐻

Technical indicators show this weakness, with ADX rising, confirming the downtrend, while BBTrend remains negative despite some “optimism”. As VIRTUAL limps below $2, the million-dollar question is: Can it break resistance and rise like a phoenix, or will it plunge further down the rabbit hole?

VIRTUAL ADX Shows the Current Downtrend Is Getting Stronger

Virtuals Protocol, one of the AI agent frontrunners, has been on a steady decline this week, courtesy of the DeepSeek hype. The token’s ADX (Average Directional Index) has jumped to 22.5 from yesterday’s 15.3 – yes, it’s that dramatic. The ADX charts the strength of a trend on a 0-100 scale, where anything below 20 signals a weak trend and anything above 25 says, “Brace yourself, trend’s strong!” 😅

Values between 20 and 25 are like the awkward waiting room at the dentist’s – transition phase, momentum is building, just not fully there yet.

With VIRTUAL trending downwards, the rising ADX is like a giant arrow saying, “Yep, it’s getting worse!” If the ADX climbs above 25, affirm it will, that the downward spiral is picking up steam, making any recovery akin to climbing Everest in flip-flops. 🥾

But, if the ADX level stable or dips, maybe, just maybe, the selling pressure is easing up, and the price might play nice and stabilize or even reverse.

VIRTUAL BBTrend Has Been Negative Since January 20

Oh, VIRTUAL’s BBTrend has been a sad tale since January 20, sticking to the negative lane with a notable dip to -36.5 on January 30, only to crawl back up to the current -15.5. BBTrend (Bollinger Band Trend) is like that annoying friend who always sees the trend before anyone else – positive values for uptrends, negative for downtrends, and the more extreme, the more it’s rubbing it in. ✌️

Even though VIRTUAL’s BBTrend is still negative, it’s an improvement from its earlier depression. If BBTrend keeps climbing toward neutral (0), there’s hope it’s saying, “Don’t worry, the worst might be over.” Yet, if it drips lower again, cue in the dramatic music, as it solidifies the gloomy bearish forecast. 😩

VIRTUAL Price Prediction: Will VIRTUAL Continue Trading Below $2?

VIRTUAL is awkwardly wobbling between $1.77 (support) and $1.99 (resistance), showing signs of consolidating. Break past $1.99, and maybe, just maybe, it will pave the path to $2.22 or $2.42. And if the crypto AI agents hype gets louder, who knows, it might as well be gunning for the $3.14 mark – to infinity and beyond! 🚀

But here’s the catch – if it slumps past the $1.77 support, the next drop might bottom out at $1.35, marking its lowest blow since December 9, 2024. Let’s just say, not the kind of history we’d want it repeating.

Such a dip would not only reinforce bear dominance but also see VIRTUAL lagging light years behind peers like RENDER, FET, and TAO in market cap standing.

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2025-02-01 18:54