The post VIRTUAL leads top 100 gainers! This rally may not last – Here’s why appeared on BitcoinEthereumNews.com.

VIRTUAL signals overbought conditions, hinting at a possible short-term pullback from current levels. Liquidity inflow remains strong, but nearby clusters between $1.6–$18 could attract price toward lower support zones.  Virtuals Protocol [VIRTUAL] recorded one of the most significant market gains in the past 24 hours, with a 50% surge. In fact, this is the highest gain within this period, according to CoinMarketCap. Over the last 90 days, VIRTUAL ranked fifth among the top 100 coins with a 71.16% gain. However, liquidity placement on the chart shows that the asset’s run might take a brief pause. An incoming correction amidst price rally AMBCrypto’s analysis of the Relative Strength Index (RSI) showed that VIRTUAL might enter a corrective phase soon. The RSI is a technical indicator that determines whether an asset is overbought or oversold based on the reading on the chart. A reading between 50 and 70 shows that the asset is in a positive zone. However, once it exits this phase and rises above 70, it indicates that the asset is overvalued and may experience a price drop. Source: TradingView This is a historic pattern that often repeats, suggesting a price decline is likely. Interestingly, the Money Flow Index (MFI) suggests that the drop will be minimal. The MFI, which measures the inflow and outflow of funds from the market, shows that liquidity is still entering the market. It was 73.77 at press time, confirming that liquidity continued to enter the market and reducing the chances of a sharp decline. Having said that, a mild pullback to the $1.6 support remains possible. Liquidity clusters give a range According to CoinGlass’s Liquidation Heatmap, liquidity clusters for VIRTUAL lay between $1.6 and $1.8. Liquidity clusters are levels on the chart with unfilled orders that act as price magnets, drawing the asset toward them.…

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Filed under: News - @ May 9, 2025 11:28 pm