The virtual passes through a hard correction process. In the last 30 days, it lost 58.7 %, while 15 %decreased in the last 24 hours. The market value fell to $ 1.23 billion. Technical indicators show that the decline tendency is still stronger. So, can the virtual recover at this level or will the decline continue?
The decline tendency is getting stronger: ADX gives an alarm
Virtual is one of the prominent projects among artificial intelligence (AI) tokens. However, in recent weeks, he experienced a large wave of sales due to Deepseek Hype.
- ADX (average direction index) indicates that the decline trend is strengthened. The ADX value, which was 15.3 yesterday, increased to 22.5 today.
- If the ADX value increases above 25, the decrease trend can be permanent.
If buyers do not return in the market, the current trend can be strengthened even more. However, if the ADX is fixed or falls, a signal can be given to the decrease in sales pressure.
BBTREND: Does sales pressure decrease?
Vartual’s BBTREND indicator has been in the negative region since January 20. BBTREND, which fell to -36.5 on January 30th, has now increased to -15.5.
- BBTREND is a trend measurement indicator based on Bollinger bands. The negative of the value indicates that the fall trend is dominant.
- If BBTREND approaches zero, it means that sales pressure may be reduced and the price may be stabilized.
Although there are currently recovery signals, the decline may continue if BBTREND moves down again.
Will the Vartual remain below $ 2?
Currently, the Virtual is stuck between $ 1,77 support level and $ 1.99 resistance level.
- If the resistance of $ 1,99 is broken, the price may rise towards $ 2.22 and $ 2.42.
- However, if the support of $ 1.77 is lost, the Virtual may drop to $ 1.35.
Virtual is far from its competitors such as rendering, FET and TAO in terms of market value in terms of market value. So, will investors make purchases at these levels or are they expected to collapse? In the coming days, the answer to this problem will become clear.
