Virtual Protocol [Virtual] – Despite whale profit-taking, can altcoins reach $6?
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Virtuals Protocol (VIRTUAL) has recently surged, climbing from around $2.95 to $3.22, with a daily increase of 10.57%, and a market cap jumping to $3.22 billion. Although daily trading volume fell by 5.78% to $291 million, the trading volume to market cap ratio remains healthy at 9.05%, indicating that market activity is still strong.
VIRTUAL strongly tests historical highs, aiming for $6
The price trend of VIRTUAL shows strong upward momentum and is striving to break through resistance levels. The price has previously surpassed $2, successfully reaching a historical high (ATH) of $3.33. Although a pullback followed, the price stabilized around $2, suggesting that a support level has formed.
This price behavior suggests that VIRTUAL may break through the $6 barrier. However, if the price falls below the consolidation range, it may face further pullbacks, testing the middle or lower Bollinger band.
Whale activity and liquidation heatmap reveal market trends
The liquidation heatmap shows that VIRTUAL's price faces high leveraged liquidation risks around $3.1074, which could trigger further price volatility. Traders may be trying to capitalize on changes in market sentiment, making this price range a key pivot point for future trends.
Additionally, a giant whale exchanged 9.9 cbBTC for 1.913 million VIRTUAL (approximately $896,000) and subsequently sold it for $2.7 million, netting around $1.8 million in profit. This whale currently holds 887,000 VIRTUAL, valued at about $2.75 million, indicating expectations for future increases.
This series of trading actions has helped the whale achieve a total profit of about $4.56 million in a short time, with a return rate of up to 5.1 times.
With continued whale operations and strengthened technical support in the market, VIRTUAL's future trend may see greater upward potential.
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