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$VIRTUAL L – Bullish Market Structure
$BTC $VIRTUAL continues to display a strong bullish structure, supported by both price action and volume dynamics.
A hammer candlestick formation near 0.602, accompanied by a significant volume spike (~12M), confirms strong demand at this level—likely institutional accumulation. Since this formation, price has consistently printed higher lows, reinforcing the bullish trend.
Currently, price is consolidating between 0.640 – 0.651, with declining volume, a typical behavior before a directional expansion. Multiple retests of the 0.651 resistance suggest weakening sell pressure and increase the probability of an upside breakout.
📊 Volume & Market Participation
Recent 1H candles show a clear bullish volume pattern:
Rising volume (2.1M – 5.3M) during upward price movements
Lower volume (1.3M – 1.8M) during pullbacks
This imbalance reflects a classic bull market volume signature, where buyers remain dominant. Notably, the 12M volume spike coincided with a successful defense of the 0.602 support, further validating that level.
💰 Capital Flow Analysis
Contracts:
• 1H net inflow: +171K
• 4H net inflow: +398K
Spot Market:
• 24H net inflow: +598K
These inflows indicate renewed and genuine buying interest, supporting the continuation of the bullish trend.
📌 Long Entry Strategy –
$VIRTUAL • Aggressive Entry: Around the current price near 0.650
• Conservative Entry: Wait for a confirmed breakout above 0.651, supported by strong volume
🛑 Risk Management
• Stop-Loss: 0.630, aligned with MA10 and the most recent swing low
🎯 Target Levels
• Primary Target: 0.662 (near-term resistance)
• Secondary Target: 0.676 (next major resistance)
📈 As long as price holds above key supports and volume confirms breakouts, the bullish bias remains valid.
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