VIRTUAL Technical Analysis Jan 28

VIRTUAL is currently trading at $0.82 and is positioned just above the critical support at $0.8161. The nearby resistance at $0.8298 awaits testing, with downward trend pressure continuing.

Current Price Position and Critical Levels

VIRTUAL is trapped in the $0.79-$0.83 range within the overall downtrend. On the daily chart, it continues to stay below EMA20 ($0.87), signaling short-term bearish momentum. RSI at 44.35 is in neutral territory but momentum is weak. The 2.33% rise over 24 hours has prevented testing the $0.8161 support, though volume remains limited at $63.75M. Across multiple timeframes (1D/3D/1W), 13 strong levels have been identified: 1 support/2 resistances on 1D, 1 support/2 resistances on 3D, and 3 supports/4 resistances on 1W confluences. This indicates that $0.8161 is a strong buyer zone, while the $0.8298-$0.9131 range will increase seller pressure. Price has hunted liquidity in the recent downwave and is now at a decision point.

Support Levels: Buyer Zones

Primary Support

$0.8161 (strength score: 62/100), VIRTUAL’s most critical buyer zone. This level overlaps with the recent low on the 1D timeframe (rebound from range low $0.79) and functions as an order block on the 3D chart – tested three times in the past, rejected each time with volume spikes. On 1W, it sits at the confluence of Fibonacci 0.618 retracement and EMA50, signaling an institutional liquidity collection area. According to the volume profile, stop-loss hunting potential is high here; if price drops below $0.8161, a liquidity grab triggers and primary invalidation occurs.

Secondary Support and Stop Levels

Secondary supports are the $0.75-$0.78 band (3 support confluences) from the 1W timeframe and deeper around $0.70. These stand out as 1W order blocks and high-volume bases – for example, $0.78 is a demand zone from the November 2025 rally, holding four times. Monitor below $0.8161 ($0.81) as a stop level; a break here opens the downside target to $0.2834 (score 22/100), achieving an R/R ratio of 1:4. Volume confirmation is essential for an upward bounce; otherwise, the downtrend deepens.

Resistance Levels: Seller Zones

Near-Term Resistances

$0.8298 (strength score: 66/100), the nearest seller zone overlapping with the current range high. On 1D, it’s the rejection point from recent highs, a volume-backed supply zone – tested twice, rejected both times with wicks. Liquidity target ahead of EMA20 ($0.87) approach; a break could trigger a short squeeze but is capped by Supertrend resistance at $1.04. Invalidation for short-term traders is above $0.84.

Main Resistance and Targets

Main resistance at $0.9131 (score 61/100), strong across 3D and 1W timeframes (total 6 resistance confluences). This level aligns with the breaker block from the October 2025 peak and Fibonacci 0.382 extension; the volume profile shows high selling pressure, with strong rejections on three tests. A close above $0.9131 is required for breakout, targeting $1.04 (Supertrend) and ultimately $1.2645 (score 26/100). If it stays below, sellers maintain dominance.

Liquidity Map and Big Players

The liquidity map shows stop accumulation below $0.8161 and short liquidity above $0.8298. Big players (smart money) may be accumulating long positions at 1W supports – order flow data shows positive delta at $0.8161. Above, there’s a $0.9131 supply pool; below, a $0.78 demand pool. Price is balanced at $0.82; BTC weakness could pull liquidity lower. Fakeout risk is high with low volume; wait for profile expansion on real breakouts.

Bitcoin Correlation

BTC at $89,260 and in downtrend (Supertrend bearish), with rising dominance pressuring altcoins. VIRTUAL has 0.85% correlation with BTC; if BTC loses $89,180 support, VIRTUAL tests $0.8161. If BTC resistances $89,567-$91,310 break, $0.9131 is targeted for altcoin rally. Monitor BTC key supports at $87,877/$85,998 – a collapse here pushes VIRTUAL downside to $0.70. Stay cautious under BTC dominance.

Trading Plan and Level-Based Strategy

Level-based outlook: Above $0.8298 bullish (target $0.9131, R/R 1:2.5), below $0.8161 bearish (target $0.78, R/R 1:3). For spot, check VIRTUAL Spot Analysis; for futures, VIRTUAL Futures Analysis. Wait for confluence confirmation (MTF + volume); e.g., long entry at $0.8161, stop below $0.81. Upside scenario to $1.2645, downside extreme $0.2834. This is general market view, not personal advice – risk management is essential.