VIRTUAL’s Price Surge: Traders Dive In Like It’s a Pool Party! 💦💰

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  • Ah, the illustrious VIRTUAL! It has gallantly surged by 10.48% as spot traders, in a fit of enthusiasm, splurged $10.45 million on this altcoin during the market’s dramatic pullback. Who knew a dip could be so enticing?
  • It appears that the so-called “smart money” now clutches more VIRTUAL than any other memecoin or AI token, fostering a confidence that could rival a cat walking on a tightrope. 🎪

In the grand theater of cryptocurrency, the Virtuals Protocol [VIRTUAL] has leapt by 10.48% in the last 24 hours, propelled by a veritable frenzy of activity across both spot and derivative markets. One might say it’s the talk of the town!

Of course, such a surge did not occur in a vacuum, much like a poet without inspiration.

Thus, AMBCrypto, in its infinite wisdom, has scrutinized the accumulation trends and liquidations, revealing a broader shift in sentiment—one that could very well set the stage for further gains. A plot twist worthy of a novel!

What are spot and derivative traders up to?

This week, we have witnessed a remarkable surge in VIRTUAL accumulation within the spot market. Traders have, so far, expended a staggering $10.45 million to acquire VIRTUAL, indicating a robust interest, particularly in light of the market’s recent decline. Who knew traders could be so optimistic?

This flurry of activity in the spot market has been matched by a significant buying pressure from derivative traders. In the last 24 hours, Open Interest—which tracks the value of active contracts—has surged to $230 million, marking a delightful 13.3% increase. It seems the traders are feeling quite adventurous!

This uptick coincided with a rising price trend and a rather dramatic liquidation event for short traders, who lost approximately $124,670 to the market. Ouch! That’s a hefty price to pay for being pessimistic.

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This pattern likely signaled to market participants that sentiment had shifted, prompting traders to increase their long positions in hopes of capturing major price gains. A classic case of “if you can’t beat them, join them!”

How far will VIRTUAL rally?

Upon examining the 4-hour chart, it appears that VIRTUAL possesses the potential to rally as high as $2.5. Quite the ambitious goal, wouldn’t you say?

At the time of writing, the asset had triumphantly broken through a major resistance level—an important barrier to further upward movement. Bravo!

The Aroon Indicator, that trusty companion, also supports this potential breakout, tilting in favor of a bullish trend. This indicator employs two lines—the Aroon Up (orange) and the Aroon Down (blue)—to track momentum. When the Aroon Up remains above the Aroon Down, it suggests a bullish market and the possibility of a sustained rally. Currently, the Aroon Up sits at a commendable 92.86%, while the Aroon Down languishes at 35.27%. Quite the disparity!

Previously, AMBCrypto reported that subtle buying activity from the so-called “smart money,” known for making profitable bets, has helped propel the price higher. This group now holds more VIRTUAL than any other memecoin or AI token in the market. Understandably, this sentiment continues to contribute to the asset’s bullish outlook. Who wouldn’t want to be part of the winning team?

At the time of writing, the 90-day index ranks VIRTUAL in 4th place among top-performing assets, leading all top 10 cryptocurrencies by market capitalization. A true underdog story!

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2025-06-07 21:14