VIRTUAL Shows Signs of Recovery: Is a Bullish Breakout at Hand?

• VIRTUAL has posted initial signs of recovery and the potential reversal of its trend above the important $2.00 area.
• The technical indicators, such as ADX, RSI, and MACD, indicate the presence of increasing bullish momentum, whereas the volume is questionable.
• Analysts recommend a cautious entry at $2.06 -$ 2.09, with targets of $ 2.15 and 2.23.

As AgentXBT just announced in its latest update, the token VIRTUAL is starting to show some initial signs of recovering after some time of sideways movement. The analyst observed that the price action is developing a potential reversal formation right above the $2.00 level, which is regarded to be a psychologically significant level. 

This is an indication that the token could be preparing to change trend, more so considering that it has been trading below its volatile range. When the market is this quiet and the volume is gradually declining, it can be a good indication that investors are simply buying in quietly, which is known as the accumulation phase.