- Virtual bulls failed to defend $ 2.4 and encountered rejection during an attempt at recycling.
- The short -term place of place was encouraging but may be insufficient to reverse the Baisse tidal
Virtual protocol (virtual) Saw a 37.2% rally on Friday 31 January. This movement was quickly regrettedas Bitcoin (BTC) Reverse from $ 106,000 and traded to $ 99.4k at press time.
The high inflow of virtual to exchanges that were recently noted was a sign of one sale. The $ 2.5 resistance zone was not overcome, and the short liquidations above this resistance zone were swept and paved the way for new lows.
Is it virtual about to turn a corner?
Source: Virtual/USDT on Tradingview
The price measure indicated a strong downward trend on the daily time frame. This has been persistent during the second half of January, when a Hausse reaction from 78.6% Fibonacci Retracement level was rapidly recalled.
ATR noted high volatility over the past two weeks, accompanied by significant capital flow out of the market according to CMF.
The shooting star candlestick and the high trade volume on January 31 emphasized Baisseart with dominance.
This came after the failure of $ 2.67 and $ 2.4 previous support zones. Overall, they indicated that virtual is lower. In the south, 23.6% was the retracing level at $ 1.25 next goal.
Source: Koinali
While the daily timeframe reflected baisse -like pressure, the lower time frame data signaled that a momentum turnaround could be around the corner. The open interest has begun to get up in recent hours and breaks down.
Read Virtual Protocol (virtual) price disorder 2025-26
Location CVD saw a rapid increase over the past 24 hours to indicate increased demand in place.
The degree of financing, which had been negative over the past 24 hours, climbed into a positive territory and indicated a short -term emotionalness.
Disclaimer clause: The presented information does not constitute financial, investment, trade or other types of advice and are the author’s opinion solely
