VIRTUAL price prediction: Is low volume a risk to further gains?
VIRTUAL price saw a 3.63% gain, with rising Open Interest suggesting short-term bullish speculation. However, declining spot CVD and low trading volume relative to the 20-day average indicate weak spot demand, making the rally potentially unsustainable. The broader trend remains bearish, with the MACD below zero. A pullback to the $0.565 support level is possible. While a bounce could target $1, swing traders are advised to wait for improved volume. A break above $0.699 may signal a move toward $0.82 and $1. The overall outlook is cautious due to the bearish higher timeframe structure and lack of convincing volume.
ambcrypto02/21 01:02
