$VIRTUAL /USDC - VIRTUAL (Strong Downtrend)
Market Overview: VIRTUAL is a significant daily loser, down -3.88\%, indicating strong selling pressure and downtrend acceleration. Lack of clear historical technical data suggests high volatility risk.
Key Levels: Immediate support to watch is the $0.90 psychological level, with a first retracement/local low demand zone at $0.85 - $0.90. Critical resistance is the $1.00 - $1.05 zone.
Next Move & Trade Targets (TG): Expect a test of the nearest support. Price must reclaim the $1.00 psychological level to show stabilization. SL should be placed below $0.80.
TG1 (Short-Term): $0.98 - $1.00
TG2 (Mid-Term): $1.15 - $1.20
TG3 (Long-Term): $1.35+
Short & Mid-Term Insights: Short-term is bearish, with sellers clearly in control. Mid-term recovery is highly dependent on finding a firm floor in the $0.85 - $0.90 demand zone and seeing a reversal pattern.
Pro Tip: Do not try to catch a Falling Knife. Wait for the strong daily selling to subside and for a clear, high-volume bullish candle to form off the $0.85 - $0.90 support before considering a long entry.
