VIRTUAL jumps 12% as $190K exits exchanges; $0.70 is key resistance
VIRTUAL surged 12.53% in 24 hours as volume rose 32.64% to $77.25M, pushing price toward $0.666. Market cap stayed near $437M. Buyers repeatedly defended a $0.50–$0.55 demand zone, forming higher lows from $0.5033. The token trades inside a broader descending structure of lower highs since late 2025, with the $0.70 area now the immediate structural resistance; reclaiming it would shift short-term structure bullish toward $0.9045, while rejection would keep price compressed between $0.55–$0.70. On-chain flows show persistent exchange outflows of about $190.31K, indicating holders are moving tokens off exchanges and limiting immediate sell-side supply. Derivatives metrics show Open Interest up 20.61% to $69.45M, signaling rising leveraged exposure that can amplify moves. Technical indicators: Parabolic SAR flipped bullish near $0.5497; Stochastic RSI around 71–69, approaching overbought but not extreme. Key takeaways for traders: $0.70 is the pivot — a decisive close above it could trigger a short squeeze and continuation toward $0.9045, while failure risks a range-bound pullback. Monitor exchange netflows (supply tightness) and rising Open Interest for leverage-driven volatility and liquidation risk.
Bullish
The article presents multiple bullish signals: a 12.5% price gain accompanied by a 32.6% volume rise indicates genuine buying interest rather than a thin-liquidity spike. Persistent exchange outflows (~$190K) reduce available sell-side liquidity, supporting higher prices if demand continues. Open Interest rising 20.6% to $69.45M shows derivatives traders are building leveraged positions, which often amplifies upward moves when price breaks key resistance. Technicals support a short-term bullish tilt — Parabolic SAR flipped below price and higher lows formed from $0.5033 — while Stochastic RSI is approaching but not at extreme overbought levels. The immediate catalyst is a decisive reclaim of $0.70; a clean close above would likely shift structure bullish and could trigger momentum toward $0.9045 via accelerating long positioning and potential short squeezes. Risks remain: the broader descending structure since late 2025 caps upside, and elevated leverage increases liquidation risk if rejection occurs. In short-term trading, expect higher volatility and a bias to favor longs on a confirmed break and hold above $0.70, while cautious traders should watch netflows and OI for signs of distribution or rapid deleveraging. Historically, similar patterns — rising OI with exchange outflows and volume-backed break attempts — have preceded swift continuations when the pivot was claimed, but have also produced sharp reversals when leverage was unwound after failed breakouts.