- The virtual bulls did not defend $ 2.4 and were faced with rejection during an attempted repair.
- The short -term punctual demand was encouraging but could be insufficient to turn the lower tides
The virtual (virtual) protocol saw a gathering of 37.2% on Friday January 31. This decision was quickly canceled because Bitcoin (BTC) was reversed by $ 106,000 and was negotiated at $ 99.4,000 at the time of the press.
High entries of virtuals in exchanges rated recently were a sign of a sale. The $ 2.5 resistance zone has not been overcome, and short liquidations above this resistance zone have been swept away, paving the way for new stockings.
Is Virtual about to turn a corner?
Source: Virtual / USDT on tradingView
Price action has indicated a strong downward trend over the daily time. This was persistent in the second half of January, when a bullish reaction of the Fibonacci trace level of 78.6% was quickly traced.
The ATR has noted great volatility in the past two weeks, accompanied by a significant capital flow outside the market according to the CMF.
The Candlestick shooting star and the trading volume high on January 31, underlined the downward domination.
This came after the failure of $ 2.67 and $ 2.4 of old support areas. Overall, they indicated that the virtual is down. In the south, the trace level of 23.6% to $ 1.25 was the next target.
Source: Coanyze
While the daily deadline reflected the down pressure, the data from the lower time reported that a Momentum reversal could be at the corner of the street. Open interest has started to resume these last hours, breaking down the downward trend.
Read the Prix Price Protocol (virtual) 2025-26
The CVD spot has had a rapid increase in the last 24 hours to indicate increased demand to the point.
The financing rate, which had been negative in the last 24 hours, has climbed in a positive territory and has been indicated a change of feeling in the short term.
Notice of non-responsibility: The information presented does not constitute financial investments, exchanges or other types of advice and is only the opinion of the writer
