VIRTUAL is currently trading within a clean ascending channel on Wednesday, February 25, maintaining a clear structure of higher lows.
According to the crypto analyst Alpha Crypto Signal, this pattern highlights ongoing buying interest at support levels, suggesting the market remains bullish.
The token’s disciplined price action reflects a market carefully respecting technical boundaries while gradually building momentum for a potential decisive move in the near term.
The token is making its way towards the top of its channel. It is showing higher and higher momentum. Yet, the token is still range-bound and respecting the channel’s trendlines. The situation is being watched with interest by traders.
The price action at the resistance level will dictate whether the token can continue with the upward pressure or not. Technical discipline is also playing a significant role in the current sentiment.
Also Read: Virtuals Protocol Transfers 13M VIRTUAL to Binance; Price Eyes $1.27 Rally
VIRTUAL Eyes $0.75 if Upper Trendline Breaks
Alpha Crypto Signal also warns that there is a need for caution when approaching the resistance level, advising against going long too soon.
A breakout above the upper trend line of the channel with high trading volume is expected to confirm the continuation of the trend to the $0.75 level and even higher.
Until then, the upside of the token is only conditional and requires a breakout to change the sentiment of the market participants.
Source: Alpha Crypto Signal X Post
However, in case the token fails to break the top of the channel, it might turn around and move in the direction of the midline or the lower levels.
This will further strengthen the integrity of the channel while giving the buyers a breather. Currently, the asset is at a crucial juncture in the technical landscape.
VIRTUAL Technical Outlook Points to Strong Recovery
According to TradingView, as of Wednesday, February 25, VIRTUAL’s price has broken out powerfully after a multi-day correction and has moved significantly towards the resistance area of $0.69-$0.71.
The price has successfully moved past the 20-period SMA support of $0.61 and has moved into the upper Bollinger Band, signaling strong short-term momentum but also near-term overextension risk.
Source: TradingView
The MACD also validates this shift in direction with a clear crossover above the signal line and increasingly expanding green bars above zero. The momentum has turned decisively positive after showing weakness.
The strength in the direction can be seen, although it is likely it will consolidate or pull back slightly before continuing higher, staying above the mid-band.
Also Read: Virtuals Protocol (VIRTUAL) Eyes $0.65 Breakout Amid Bearish Pressure
