The post VIRTUAL Bulls Are Wrong – $0.60 Target Within 10 Days appeared on BitcoinEthereumNews.com.

Iris Coleman
Apr 18, 2026 13:51

Despite whale accumulation, VIRTUAL’s technical breakdown below $0.69 support signals a direct path to $0.60. Smart money positioning can’t override momentum failure and deteriorating market struct…

Technical Breakdown Confirms Bear Case VIRTUAL’s price action at $0.72 represents a classic bull trap in progress. The token bounced off its 20-day moving average at $0.67 yesterday, creating false hope among retail buyers who mistook a dead cat bounce for renewed strength. The real story emerges in the momentum indicators. RSI sits at 55.86 – high enough to suggest the recent 7.78% drop was just profit-taking, but the histogram tells a different story. MACD momentum has completely flatlined at zero, indicating bulls have exhausted their buying power after multiple failed attempts to break $0.80 resistance.

Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines. Full VIRTUAL price, calculator & analysis
More concerning is VIRTUAL’s position relative to its 200-day moving average at $0.85. This level has acted as a concrete ceiling for months, and each rejection creates deeper selling pressure. The gap between current price and this key resistance has actually widened over the past week despite intermittent rallies. Derivatives Data Exposes Institutional Exit The derivatives market reveals the harsh reality behind VIRTUAL’s recent weakness. Open interest dropped 11.42% to $18.9 million, signaling large position closures rather than healthy consolidation. When institutional money exits this aggressively, retail accumulation rarely fills the void. Top traders maintain a 55.6% long bias, but this statistic misleads. These positions were likely established at much lower prices and represent legacy holdings rather than fresh conviction. The -0.0038% funding rate confirms shorts are gaining control in perpetual markets, with bears willing to pay…

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Filed under: News - @ April 18, 2026 9:23 pm