• Virtuals Protocol (VIRTUAL) plummeted 10.51% in 24 hours, now priced at $1.42.
  • Market cap dropped to $934.63M, reflecting investor retreat.

Virtual Protocol (VIRTUAL) extended its bearish slide today, falling 10.51% to $1.42. The token lost significant ground amid rising sell pressure. Its market capitalization dropped to $934.63 million, down in tandem with price. Despite the plunge, daily trading volume surged 11.74% to $192.5 million, suggesting intense exit activity across the board.

The market cap to volume ratio now stands at 20.26%, indicating heightened liquidity stress. With a circulating supply of 654.86 million tokens, VIRTUAL now trades far below its unlocked market cap of $1.43 billion. This disparity continues to widen with each successive daily loss.

VIRTUAL at Risk of Further Decline

From a technical lens, VIRTUAL teeters on a critical support near $1.38. If this floor breaks, bears could force a test of the May low close to $1.30. On the flip side, immediate resistance hovers around $1.58. A breakout above this barrier could trigger a corrective push toward the $1.72 zone, though broader sentiment may resist sustained upward momentum.

Indicators echo the underlying weakness. The Relative Strength Index (RSI) stands at 34.40, slipping further beneath the 14-day average of 46.89. This consistent divergence points to deepening bearish sentiment. Additionally, the RSI’s failure to reclaim 40 confirms waning buyer conviction over recent sessions.

Is the Bear Trend Strengthening for Virtuals Protocol (VIRTUAL)? image 0

The Chaikin Money Flow (CMF) also flipped to -0.12, signaling capital outflow from the asset. With sustained selling pressure, bulls appear increasingly sidelined. The lack of positive divergence hints at continued struggles in reclaiming bullish territory soon.

There is no sign of bullish crossover, and the short-term average now decisively trails the longer-term line. This crossover delay suggests a higher probability of further downside, particularly if volume continues to rise on red candles.

Altogether, VIRTUAL’s current market behavior reflects weakening demand and technical fragility. While liquidity remains substantial, directional momentum tilts firmly bearish. Unless support at $1.38 holds or RSI rebounds above its average, short-term recovery appears unlikely.

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