Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»VIRTUAL – Can an altcoin reach $6 despite whale profit-taking?
ALTCOIN NEWS

VIRTUAL – Can an altcoin reach $6 despite whale profit-taking?

By Crypto FlexsDecember 28, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
VIRTUAL – Can an altcoin reach  despite whale profit-taking?
Share
Facebook Twitter LinkedIn Pinterest Email
  • VIRTUAL increased by more than 10% in a single 24-hour period.
  • VIRTUAL risks liquidating the overly leveraged order at $3.10.

Virtuals Protocol (VIRTUAL) has recently seen price increases, with the altcoin price peaking at $3.22, up from around $2.95. This move represented a 10.57% rise in just one day and brought the market capitalization to $3.22 billion. .

Despite a 5.78% decrease in daily trading volume to $290.57 million, the volume-to-market capitalization ratio remained healthy at 9.05%. This means strong trading activity.

The recent performance of altcoins is a sign of investor optimism. This indicates VIRTUAL’s strong market position and could potentially influence its future price trajectory.

Hypothetical price action and predictions

Looking at the chart, VIRTUAL showed a strong test of ATH in an attempt to break above the resistance level. The price initially peaked at $2 and broke through that level, setting the stage for a further rally with VIRTUAL hitting ATH of $3.33.

However, after retreating from the high, the price stabilized near $2, suggesting a resistance-to-support dynamic. This supported the bullish outlook, suggesting that VIRTUAL’s price action could reach the $6 level.

pseudomorph

Source: Trading View

Conversely, a fall below the sideways zone could lead to a retest of the midline of the Bollinger Bands or even their lower bounds, providing important support.

If price breaches this lower band, it could trigger a short-term bearish trend within the overall uptrend.

Clearing heatmap and whale activity

A liquidation heatmap indicates the level of concentrated liquidation at a particular price range where price fluctuations are prevalent.

In particular, the heatmap shows a high liquidation leverage of $3.1074, with leverage of 453.32k at risk of liquidation if the price reaches that level.

This level represents a critical area where price is concentrated, increasing trading activity and suggesting a potential pivot point for future movement.

pseudomorphpseudomorph

Source: Coinglass

Past trends have shown that prices have often approached dense clearing zones, driven by traders looking to capitalize on changes in market sentiment.

If the price of VIRTUAL continues to interact with these areas, further price movements may occur around these liquidation levels. This represents the dynamics of supply and demand at key technological levels within the market.

Lastly, the Virtuals Protocol whale exchanged 9.9cbBTC for 19.13 million VIRTUAL, which was then worth about $896,000.

This strategic move was followed by a major sale in which the whale offloaded 1.026 million VIRTUALs for $2.7 million, realizing a profit of approximately $1.8 million.

pseudomorphpseudomorph

Source: The Data Nerd/X

Whale currently owns 887,000 VIRTUALs, worth approximately $2.75 million. This is a sign that whales are anticipating a further upward trend as they systematically take profits.

During this period, whale trading activity peaked with total revenue of $4.56 million, representing a return on investment equivalent to 5.1 times the initial stake.

Next: Fidelity sees significant daily inflows of $83 million into its Ethereum ETF. What’s next?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Shib or PEPE: What memes coins are cut to the top 10 first?

July 17, 2025

The PBK Miner uses XRP mining to start a stable and efficient income method to easily earn $ 18,000 a day.

July 10, 2025

The market will select US regulatory stable coins more than CBDCS every day of CBDCS every day.

July 3, 2025
Add A Comment

Comments are closed.

Recent Posts

Little PEPE surpasses $ 4 million in pre -sales, emerging as one of the main memes in 2025.

July 21, 2025

Bitcoin Price $ 123K Explosion -Trader Brace for Brake Out

July 20, 2025

Ether Lee Rium breaks $ 3K with 7,200% of the virus L2 coin eyes.

July 20, 2025

XRP Breaks Through $3.5! DL Mining Launches AI Cloud Mining Contracts, Earning Steady Profits Every Day

July 20, 2025

AAVE gains strength as AAVE dominates defect loans with net deposits of $ 50B or more.

July 19, 2025

As XRP Surges, DLMining Platform Opens New High-yield Cloud Mining Opportunities For Holders

July 19, 2025

Missed Out On Bitcoin At $9999? SIM Mining Cloud Mining Brings You New Opportunities For Wealth!

July 19, 2025

NFT is a rebound -there is a teenage NFTS this week.

July 19, 2025

MultiBank Group To List $MBG Token On Gate.io And MEXC During Official Token Generation Event

July 18, 2025

Earn $4,777 Daily! PaxMining Leads 2025’s Record-Breaking Bitcoin Mining Boom

July 18, 2025

GSR Leads $100M Private Placement Into Nasdaq-listed MEI Pharma To Launch First Institutional Litecoin Treasury Strategy Alongside Charlie Lee

July 18, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Little PEPE surpasses $ 4 million in pre -sales, emerging as one of the main memes in 2025.

July 21, 2025

Bitcoin Price $ 123K Explosion -Trader Brace for Brake Out

July 20, 2025

Ether Lee Rium breaks $ 3K with 7,200% of the virus L2 coin eyes.

July 20, 2025
Most Popular

Bitcoin $233K Prediction, SEC

October 20, 2024

XRP Price Targets $13 After Completing Highest Candle Body Close in History – Details

January 2, 2025

Ether Leeum Game MOONRAY: Web3 Gamer to be released on Xbox and PS5

February 4, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.