Virtual Protocol’s [VIRTUAL] recent 11% upside does not come as a surprise. It reflected a steady buildup in trading activity alongside rising participation across the network.
User growth has accelerated, driving the asset’s latest rally, while broader sentiment has improved. With momentum building, VIRTUAL now approaches a key level last seen in 2025.
Fundamentals underpin the rally
The current move is backed by structural improvements that began taking shape around mid-April.
Holder growth remains a primary driver, as evident on the chart. Since the 13th of April, the number of wallets holding VIRTUAL has increased by 10,000, pushing the total to 1.06 million.
This expansion signals sustained accumulation, suggesting that new entrants are positioning for longer-term upside rather than short-term speculation.
Market sentiment has also shifted in favor of the bulls. Since the 2nd of May, the share of investors with a bullish long-term outlook has increased by 2.25%, reinforcing confidence in the asset’s trajectory.
Breakout structure supports upside continuation
On the chart, VIRTUAL has broken out of a consolidation range that previously capped price action.
The structure, defined by a rising support trendline and a horizontal resistance level, typically precedes directional moves once breached.
The breakout signals continuation, with price now targeting the $1 psychological level. If momentum holds, the next extension could push toward $1.19.
A sustained move above the blue resistance box implies roughly 16% upside to $1 and up to 40% toward $1.19, with price action maintaining a strong upward bias.
Capital inflows confirm market strength
Momentum indicators continue to validate the bullish case.
The Bull Bear Power (BBP), which tracks the balance between buyers and sellers, has climbed to its highest level in eight days, reflecting growing dominance from bulls.
Meanwhile, the Money Flow Index (MFI) points to strong capital rotation into the asset. The indicator currently sits at 78, near overbought territory, highlighting sustained inflows and aggressive accumulation.
These signals suggest that demand remains elevated. As long as capital continues to rotate into VIRTUAL, the path toward $1 remains intact, with scope for further upside beyond that level.
Final Summary
- VIRTUAL continues to post strong fundamentals, with its investor base expanding by 10,000 over the past day.
- Technical structure points to a clear breakout pattern, raising the probability of a return to $1 for the first time since 2025.
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