The market storm at Shancoin Village is rising again! Can the Virtuals Protocol [VIRTUAL] hit $6 after the whales offload?

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Virtuals Protocol (VIRTUAL) has seen its price rise over 10% in the past 24 hours, climbing from $2.95 to a peak of $3.22. Despite a 5.78% decline in daily trading volume to $290.57 million, its trading volume to market cap ratio stands at 9.05%, indicating strong market activity and investor optimism.

Price Trends and Technical Analysis

Current Status: VIRTUAL's market cap has reached $3.22 billion, with a current trading price of $3.10.

All-Time High (ATH): $3.33.

Support Level: Following a recent test of the $2 level, this position may have turned into support.

Future Prediction: If the current resistance level is broken, the price could reach $6. Conversely, if it falls below the current consolidation zone, it may retest the middle line of the Bollinger Bands or lower support levels.

Leverage Liquidation and Whale Dynamics

Liquidation Heatmap: Shows concentrated liquidation risk at $3.1074; if this point is breached, it could trigger the liquidation of 453.32k leveraged positions, leading to greater volatility.

Whale Activity:

A whale exchanged 9.9 cbBTC for 1,913,000 VIRTUAL (approximately $896,000).

It then sold 1,026,000 VIRTUAL, making a profit of about $1.8 million, demonstrating the large holders' precise control over price fluctuations.

Market Summary

VIRTUAL exhibits strong market momentum, and its interaction with liquidation zones and whale trading activity may drive further price fluctuations in the short term. If it breaks through key technical levels, it could open a new round of upward trends, providing potential profit opportunities for investors.

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