$VIRTUAL – The calm before the fall? ⏳📉
Imagine a ball rolling down a sloped corridor… it rises slightly, then returns to its descent.
That's exactly what
$VIRTUAL is doing right now.
The price has been moving within a downtrend channel for weeks, and every temporary rally has failed to break free from the overall trend.
Currently, indicators are sending mixed signals:
- RSI above 50? Yes, but the price hasn't broken through any major resistance.
- Level 1.4–1.5? Seems tempting, but it's a known barrier—prices hit it and then reverse.
This area isn't just resistance; it coincides with the Fibonacci golden ratio.
In short:
A potential area for distribution, not a breakout.
📌 Most likely scenario? A bounce from resistance, followed by a return to test lower supports.
🚨 Invalidating factor? A clear breakout above resistance… with strong momentum and trading volume to support it.
Until then?
Every upward move… is closely watched.
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