The post VIRTUAL Technical Analysis Feb 3 appeared on BitcoinEthereumNews.com.

Volume Story – 1-2 sentences summarizing how participation rates reflect market sentiment Volume Profile and Market Participation The 24-hour trading volume for the VIRTUAL protocol came in at 76.51 million dollars, which is about 20% below the 7-day average volume. While the price showed a slight 0.38% increase, this low volume level indicates limited market participation; it suggests that buyers have not yet committed strongly as the downtrend continues. Examining the volume profile, the absence of volume spikes accompanying the price action around 0.64 dollars reflects a general market sentiment that is cautious and indecisive. In particular, on the 1D timeframe, the Value Area High (VAH) in the volume profile is positioned at 0.66, while the Low Volume Node (LVN) stands out at the 0.57 support – this implies that the price has potential for a quick breakout at these levels. In terms of market participation, retail-focused volume dominance is observed; large block transactions are limited, suggesting low institutional interest. For a healthy uptrend, volume must rise by at least 50%, otherwise the current downtrend remains dominant. Accumulation or Distribution? Accumulation Signals Although accumulation signals are limited, we observe volume decreasing during declines under oversold conditions where RSI has dropped to 34 – for example, over the last 3 days, while price fell 5%, volume contracted 15%, which may indicate a classic accumulation pattern. Volume clustering is forming around the 0.5734 support (score 79/100); if price tests here and rejects without an increase in volume, it could be smart money bottom accumulation activity. In MTF analysis, there are 3 strong support levels on the 1W timeframe, which could prepare the ground for long-term accumulation. However, staying below EMA20 (0.78) is testing volume support; for accumulation, a volume explosion here is expected. Distribution Risks Distribution warnings are more prominent: While price…

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Filed under: News - @ February 3, 2026 10:19 pm