VIRTUAL is sitting at $0.56, up just 0.65% in the last 24 hours, while trading 90% below its all-time high. The token moves $33.61 million daily and has a market cap of $367.81 million, suggesting the sell-off hasn't erased institutional attention.
Crypto analyst Patel spotted something on August 5 that matters for the longer game. The Virtuals Protocol has been building a massive triangle formation over several months, the kind of pattern that often precedes sharp moves.
Volatility is compressing toward a critical breakout point. Multiple technical signals line up here: strong demand at lower levels, the triangle structure itself, and declining volatility that typically precedes a spike.
Patel sees the $0.50 to $0.30 range as prime accumulation territory. But the real trade trigger is a break above $1.01, which he believes opens a path toward $4 and beyond. That's not a guarantee, just what the chart suggests if momentum returns.
For now, short-term momentum is nowhere near ready. The RSI sits at 45.54, still below the neutral 50 line, meaning buyers haven't gained control yet. The MACD is also on the bearish side, so near-term sellers retain the edge.
Patel's analysis leans entirely on technical patterns and risk positioning. This is not investment advice, just what the numbers show.
This material is for informational purposes only and should not be considered financial advice. Cryptocurrency markets are highly volatile and carry significant risk. Always conduct your own research before making trading decisions.
