- VIRTUAL broke above a 4H descending channel with a strong impulsive candle.
- Price moved past the $0.7168 resistance, trading at $0.7186 near the range high.
- $0.62 marks the breakout zone, while $0.5778 defines the 24-hour support floor.
Virtuals Protocol’s VIRTUAL token climbed sharply to $0.7186 after gaining 23.4% in 24 hours. The move followed a decisive breakout above a descending channel on the 4-hour chart. Notably, price also pushed beyond the listed $0.7168 resistance level during the session.
Against Bitcoin, VIRTUAL is trading at 0.00001096 BTC, which is a 19.1% gain. In the meantime, it is at 0.0003752 ETH, which represents a 17.7 per cent rise. This is an overall strength which positions the asset at a high position within its 24-hour range, where the defined $0.5778.
Descending Channel Break on 4H Chart
The 4-hour chart shows a clear downward channel that guided prices lower over several sessions. Lower highs and lower lows shaped that structure. However, a strong bullish candle broke above the upper boundary of the channel. That impulsive move shifted short-term structure and expanded candle range.
Additionally, the breakout candle closed well above the $0.62 area highlighted on the chart. This level now represents the immediate breakout zone. Therefore, traders monitor whether price sustains acceptance above this threshold.
Virtual Protocol Retests Resistance as Breakout Momentum Faces Key Validation Zone
Upon the breakout, price shot off at an upward direction towards the resistance of $0.7168, the quoted resistance within the 24 hours range. VIRTUAL slightly surpassed that being at $0.7186. This means that previous resistance is currently in a retest situation.
In case price consolidates at above or over $0.7168 it would be an indication of short-term strength. Nonetheless, denial around this area may lead to intra-day volatility. On the negative aspect, the 24-hour support is still at $0.5778. This level is the lower end of the recent range and it determines structural risk.
Intraday Scenarios Set the Tone for VIRTUAL’s Next Move
Should VIRTUAL maintain over $0.62 and level off at over $0.7168, the price can likely go into the 0.70+ zone again today. Further purchasing pressure would ensure that highs remain high in the 4-hour time frame.
On the other hand, any failure to break over $0.7168 can cause the formation of a pullback to 0.62. Further downtrend might challenge the support of a price range of $0.5778. In the meantime however, the momentum is defined by the breakout candidate with current levels marking the price movement today.
