VIRTUAL price prediction: Is low volume a risk to further gains?

Virtuals Protocol [VIRTUAL] was up 3.63% in 24 hours, at press time.  Coinalyze data showed that the Open Interest (OI) has jumped by 10.82% in a day, while the spot CVD was sinking in recent hours.

This showed that speculators were convinced VIRTUAL could go higher in the short-term.

Source: Coinalyze

The lack of spot demand and the high OI meant that the VIRTUAL token rally might be unsustainable in the short-term.

Source: VIRTUAL/USDT on TradingView

The 1-day VIRTUAL chart showed that the longer-term trend and swing structure have been bearish. The market reversed its early‑January rally later in the month, showing it was not ready to turn bullish.

The move beyond the$0.679 local high reflected an internal structure shift. It happened last Saturday, and was followed by a retracement into the imbalance (white box) at $0.062 over the week’s trading.

The past 48 hours saw a price bounce from this short-term demand zone. However, the OBV was unable to set convincing new highs, especially because the daily trading volume has been below the 20DMA in February.

The MACD showed that the altcoin has some upward momentum, but the prevalent trend remained bearish, since the indicator was below the zero line.

VIRTUAL price prediction: Here’s why a pullback is expected

Source: VIRTUAL/USDT on TradingView

Using the 1‑day timeframe’s attempted rally, analysts plotted Fibonacci retracement levels. The 78.6% level at $0.565 aligned with the local demand zone (cyan), a bullish order block that fueled VIRTUAL’s short‑term breakout to $0.699.

Therefore, it would be an interesting zone for the bulls in case of a retest. The VIRTUAL price trajectory was bearish in the long-term. The current bounce could reach $1, a key local resistance and psychological round-number level.

Swing traders can remain sidelined until the volume trends improve. A move past $0.699 would make it likely that the $0.82 and $1 price targets were within reach.

Final Summary

• The VIRTUAL short-term price prediction was bullishly biased due to the internal structure shift on the 1-day chart.
• Swing traders should be wary of going long, as the predominant higher timeframe trend was bearish. Moreover, the short-term demand lacked convincing volume.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.