- VIRTUAL entered a consolidation phase following a sharp decline.
- Most investors (over 66%) were out of the money at press time.
Virtual Protocol’s [VIRTUAL] market movements have remained highly dynamic, characterized by rapid price swings and shifting volume trends.
The cryptocurrency experienced significant volatility over recent months, with notable fluctuations in its 30-day high and low levels.
Investor sentiment appeared to be shifting, with an increase in trading activity suggesting a potential breakout or further consolidation.
VIRTUAL volatility and volume correlation
VIRTUAL entered a consolidation phase following a sharp decline.
A closer analysis of its volatility trends revealed significant fluctuations, with a 30-day high of 186.20% recorded on the 3rd of March, and a low of 146.76% on the 19th of February.
This 39.44% range suggested erratic price behavior, indicating active trading participation.
Source: IntoTheBlock
Trading volume surged by 53.18%, reflecting renewed investor interest. Historically, VIRTUAL’s volatility peaked at 400% in late March 2024 before dropping to 100% by mid-2024, stabilizing near 200% in early 2025.
The latest surge in volatility, paired with a volume increase, hinted at speculative trading. The spike to 186.20% aligned with a rise in volume, suggesting strong buying pressure.
Conversely, the dip to 146.76% coincided with reduced volume, indicating waning momentum.
If the current volume increase sustains above 20.83M, it could drive a renewed volatility spike, potentially pushing Virtual’s price to $0.6367.
A decline in volume below 20M, however, could lead to decreased volatility, trapping prices in a range.
Long-term stability may depend on continued volume growth, which could help VIRTUAL consolidate at higher price levels.
Assessing Virtual’s potential rebound
VIRTUAL’s price action displayed signs of consolidation following a downtrend. Analyzing the 1-hour price chart, it was trading at $0.64458.
The Moving Average Convergence Divergence (MACD) indicator suggested an impending bullish crossover, with the signal line at 0.0135 nearing the MACD line at 0.023.
Source: Coinglass
The Relative Strength Index (RSI) stood at 42.44, approaching oversold territory below 30. Additionally, Open Interest remained steady at 20.83M, indicating traders were positioning for a breakout.
The candlestick pattern revealed a recent low of $0.6366 and a high of $0.6438. The MACD’s alignment at 0.0135 and 0.023 suggested a potential price reversal.
The RSI nearing oversold levels reinforced the likelihood of an upward move. Open Interest stability at 20.83M mirrored past recoveries, further supporting the bullish case.
A successful MACD crossover above 0.023 could trigger a price increase toward $0.6438 and beyond. If resistance at $0.6366 fails to hold, Virtual’s price could decline toward $0.6000, prompting further sell-offs.
Looking ahead, a sustained MACD crossover and RSI drop below 30 could support a push toward $1.00.
Gauging profitability and market sentiment
Data revealed that in-the-money positions totaled 160.78M VIRTUAL (32.61%), while out-of-the-money positions accounted for 329.36M VIRTUAL (66.79%).
Meanwhile, at-the-money positions stood at 2.96M VIRTUAL (0.60%).
Source: IntoTheBlock
Break-even price levels ranged between $0.000383 and $9.21+, with notable clusters at $1.41 for profitable positions and $2.48 for loss-making positions.
The 32.61% share of in-the-money holdings suggested that many traders had acquired VIRTUAL at lower prices and were currently seeing gains.
However, the 66.79% share of out-of-the-money holdings indicated that a significant number of traders were facing losses, which could lead to selling pressure if the price dropped further.
A breakout above $1.41 could reduce out-of-the-money positions, potentially pushing prices toward $2.48. Conversely, if VIRTUAL’s price fell below $0.64458, losses could increase, driving a decline to $0.6000.
Over the long term, shifting more out-of-the-money positions into profitability could help stabilize Virtual above $2.48.
