Yello, Paradisers! Is #VIRTUAL gearing up for a full-blown collapse, or will the bulls fight back at critical support? Let’s break down #VirtualsProtocol:
💎#VIRTUALUSDT has already broken below the falling wedge, confirming that sellers remain in full control. The breakdown from this pattern signals that the expected bullish reversal has failed, and the trend remains decisively bearish. The price action is also clear—momentum is heavily bearish, and unless something shifts fast, we could see much lower levels ahead.
💎The previous major support zone at $0.60 - $0.65 has flipped into resistance, making it a crucial level to watch. Any short-term bounce into this area is likely to face strong selling pressure from sellers of #VIRTUALUSD. Only a break above $0.935 would invalidate this bearish outlook and signal a shift in momentum.
💎If the rejection plays out, the next downside target sits at $0.40, with a high probability of further decline toward the major support zone at $0.31 - $0.07. This is where buyers must step in—otherwise, a much deeper drop could follow.
💎RSI remains weak, and volume is declining, confirming the lack of strong buying interest. As long as this continues, the bearish pressure is likely to persist.
The market rewards discipline and patience—trade smart, Paradisers!
MyCryptoParadise
iFeel the success 🌴
💎#VIRTUALUSDT has already broken below the falling wedge, confirming that sellers remain in full control. The breakdown from this pattern signals that the expected bullish reversal has failed, and the trend remains decisively bearish. The price action is also clear—momentum is heavily bearish, and unless something shifts fast, we could see much lower levels ahead.
💎The previous major support zone at $0.60 - $0.65 has flipped into resistance, making it a crucial level to watch. Any short-term bounce into this area is likely to face strong selling pressure from sellers of #VIRTUALUSD. Only a break above $0.935 would invalidate this bearish outlook and signal a shift in momentum.
💎If the rejection plays out, the next downside target sits at $0.40, with a high probability of further decline toward the major support zone at $0.31 - $0.07. This is where buyers must step in—otherwise, a much deeper drop could follow.
💎RSI remains weak, and volume is declining, confirming the lack of strong buying interest. As long as this continues, the bearish pressure is likely to persist.
The market rewards discipline and patience—trade smart, Paradisers!
MyCryptoParadise
iFeel the success 🌴
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.