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VIRTUAL Faces Resistance at $1.53 After 15% Pullback Amid Steady Smart Money Accumulation

VIRTUAL Faces Resistance at $1.53 After 15% Pullback Amid Steady Smart Money Accumulation

CoinotagCoinotag2025/05/07 07:22
By:Marisol Navaro
  • VIRTUAL drops 10% in 24 hours as BBTrend momentum weakens, despite a 193% surge over the past 30 days.

  • Smart Money wallets have held steady since May 2 after increasing VIRTUAL holdings by 14.4%, signaling long-term confidence.

  • VIRTUAL tests $1.53 resistance with $2 in sight, but a failure to break out could send price back toward $1.19 support.

VIRTUAL sees a 15% decline after a 200% gain in a month, testing key resistance levels amidst shifting market sentiments and declining momentum.

Smart Money Holds Steady as VIRTUAL Pulls Back 15%

The number of VIRTUAL tokens held by Smart Money wallets on Ethereum has increased by 14.4% over the past week, rising sharply from 16.49 million to 18.57 million on May 2, and remaining steady around 18.54 million since then.

Despite its recent price pullback, this growth signals that some of the most sophisticated on-chain participants have been accumulating exposure to VIRTUAL.

The sharp rise followed by stability suggests Smart Money wallets may be holding in anticipation of further upside, especially after the token posted a 209% gain in the last 30 days, making it one of the best-performing altcoins in the market.

VIRTUAL Faces Resistance at $1.53 After 15% Pullback Amid Steady Smart Money Accumulation image 0

The recent 15% dip in the last 24 hours hasn’t yet triggered widespread selling among these wallets, which may reflect patience rather than panic.

This holding pattern could signal confidence in continuing the broader uptrend or at least a strategic pause before reallocating.

While not guaranteeing future gains, steady Smart Money holdings in the face of short-term volatility are often a positive signal for longer-term momentum.

VIRTUAL BBTrend Drops Sharply—Is Momentum Fading?

VIRTUAL’s BBTrend has sharply declined to 6.76, down from 31.91 just two days ago, marking a significant weakening in upward momentum.

The BBTrend (Bollinger Band Trend) is a volatility-based indicator that measures the strength and direction of a trend by analyzing the expansion and contraction of Bollinger Bands.

Values above zero suggest a bullish trend, with higher readings indicating stronger momentum. Since April 24, VIRTUAL’s BBTrend has stayed in positive territory—signaling consistent bullish behavior for nearly two weeks.

VIRTUAL Faces Resistance at $1.53 After 15% Pullback Amid Steady Smart Money Accumulation image 1

The current reading of 6.76 still reflects a positive trend, but the steep drop shows that momentum is cooling off. While this doesn’t necessarily signal an imminent reversal, it suggests that the explosive pace seen in recent days is slowing.

After a 193% surge in the past month, this deceleration may point to a period of consolidation or reduced buying interest.

Traders should watch whether the BBTrend continues to decline or stabilizes—either could shape whether VIRTUAL regains strength or dips further.

At a Crossroads: Will VIRTUAL Breakout Above $2 or Pull Back to $1.19?

VIRTUAL is currently trading just below a key resistance level around $1.53. If buying momentum returns—particularly with renewed interest in crypto AI agents—VIRTUAL could test $1.89 in the near term.

A successful breakout there would pave the way for a possible move above the $2 mark, a level it hasn’t reached since January 30.

VIRTUAL Faces Resistance at $1.53 After 15% Pullback Amid Steady Smart Money Accumulation image 2

However, failure to reclaim $1.53 could lead to a pullback, especially given the recent cooling in trend strength.

In that case, the next key support level lies at $1.19.

Conclusion

In summary, VIRTUAL is navigating a critical juncture with major resistance and support levels influencing its trajectory. The 15% pullback amid sustained Smart Money interest indicates potential future upside or strategic consolidation. Traders must remain vigilant as market conditions evolve.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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