You Won’t Believe What Happened To VIRTUAL: Wild Gains, Wild Nerves! 🧨🚀

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  • Looks like VIRTUAL’s gone to the moon a mite too quick, and she’ll likely need to come back down for a breather. (I suppose even rockets need to refuel, don’t they?)
  • There’s enough raw liquidity flowing in to float Noah’s Ark, but those pesky clusters between $1.6 and $1.8 are sittin’ there like hungry alligators waitin’ for lunch.

Well, I’ll be switched! The Virtuals Protocol (goes by VIRTUAL, for them that belong to the ticker-squinting tribe) just outdid itself with a 50% leap in the last 24 hours, making every coin-holder slap their knee and wish they’d bought two days ago. CoinMarketCap, them all-seeing ledger-keepers, confirms this was the biggest hullabaloo on the block. 🚀

Stretch that lens back over 90 days, and VIRTUAL was sittin’ pretty at number five in the parade of top 100, wrangling a 71.16% gain. But you know what Mark Twain said about history? ‘It repeats itself like cheap sausage.’ And in this fine sausage fest, the chart is whispering that the party wagon might be fixin’ to hit a bump.

An incoming correction amidst price rally

According to the eggheads at AMBCrypto, the Relative Strength Index (RSI) is starting to holler, ‘Slow down, partner!’

Now, RSI is the kind of fancy talk folks use in card games, but with charts: anything between 50 and 70 means you’re winnin’ but not cheatin’. Once you go above 70, folks start looking at you funny and expect the dealer to shake the deck. Call it overbought, call it riverboat luck, but above 70 means there’s a price drop sittin’ in the wings, twirling its mustache.

This tale’s as old as the Mississippi: when you see overbought, you better duck. Still, the Money Flow Index (MFI) is whisperin’ that, should things fall, it’ll be about as painful as tripping over a pillow.

The MFI’s at a roaring 73.77, and instead of drying up, the river of money is deepening. If there’s a pullback, it’s liable to bounce at $1.6—soft landing with biscuits and gravy.

Liquidity clusters give a range

Now, the CoinGlass folks have a “Liquidation Heatmap,” which sounds like something you’d use to track hogs in a cornfield, but it’s for VIRTUAL. Their clusters—fancy piles of greenbacks—are lounging between $1.6 and $1.8, waiting for the price to go skinny-dipping.

These clusters, colored up like Mardi Gras beads, act like loud cousins at a picnic: the more there are, the harder it is to get away. Them yellow chart spots? That’s where the money’s thick and quick. If VIRTUAL’s price plops into that range and traders start buying, this thing could bounce like a frog on a stove.

Buyback resumes again

Back on the 8th of May, spot traders sold their VIRTUAL faster than a steamboat gambler changing seats—$788,490 gone in a blink. But since then, the tables turned and them very same folks piled in, dropping $1.96 million to scoop it all back up. Guess nobody likes to miss a bandwagon, even if it’s got a loose wheel. 🎺

On the wild side of town—derivatives—the Funding Rates finally caught a whiff of optimism for the first time since April 8th. That’s the market equivalent of a preacher cracking a joke: rare, but boy, does it get attention.

If folks keep buying up both the plain and the spicy (spot and derivatives), VIRTUAL could go straight to the moon—if it can remember to pack a parachute for the ride back down. 🌝

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2025-05-10 01:58