The post Virtuals Protocol (VIRTUAL) Faces Key Resistance at $1.93 Amid Declining Investor Interest and Momentum appeared on BitcoinEthereumNews.com.

Virtuals Protocol (VIRTUAL) has surged 11% to $1.84, yet weakening momentum and declining new addresses suggest waning investor enthusiasm. Resistance at $1.93 remains a critical barrier; failure to surpass it may result in price consolidation or a drop toward $1.50 support. According to COINOTAG, a breakout above $1.93 could propel VIRTUAL to $2.00, with $2.45 as the next significant resistance, indicating potential bullish reversal. Virtuals Protocol rises 11% but faces weakening momentum and reduced new addresses; key resistance at $1.93 will determine if bullish reversal is possible. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Declining Investor Interest Challenges Virtuals Protocol’s Momentum Virtuals Protocol’s recent price surge to $1.84 marks a notable recovery from the $1.63 support level. However, the altcoin is experiencing a significant decline in new addresses, reaching a month-and-a-half low. This reduction in fresh investor participation highlights a potential loss of market traction, which could undermine the sustainability of the recent price gains. Technical indicators reinforce this cautious outlook. The Average Directional Index (ADX), a key momentum gauge, has sharply declined though it remains above the 25.0 threshold. This suggests that while the current trend retains some strength, it is vulnerable to reversal if momentum continues to weaken. The combination of declining new addresses and a falling ADX signals that Virtuals Protocol may face increased volatility or a shift toward consolidation in the near term. ‘,…

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Filed under: News - @ June 7, 2025 6:15 pm