Virtual's price failed to reclaim previous highs after a week of recovery, facing rejection and showing a minor loss since yesterday.
The general outlook for Virtual remains bullish on the daily chart, despite a past rejection at $2.6 leading to a slight pullback and recovery from the $1.65 support level.
Although the price turned bullish again over the past week, it failed to maintain momentum above the previous high of $2.3, indicating a loss on the daily chart.
A potential drop below the support level could trigger a major sell-off, forming a new double-top on the daily chart and risking a significant long-term crash.
Key support levels to monitor for a rebound include $1.65, with potential dips to $1.23 and $0.846 if the support breaks, while breaking $2.59 resistance could signal a climb to $3.16 and $4.13.
Current spot price sits at $2 with a bullish trend and high volatility in the market.