Market Overview for Virtuals Protocol/Tether (VIRTUALUSDT) – 2025-10-13

• Price surged 13.9% over 24 hours, closing at 0.7817 after forming bullish reversal patterns late in the session.
• Strong volume expansion in the final 4 hours confirmed the breakout above key resistance near 0.785.
• RSI entered oversold territory early but reversed sharply as momentum accelerated toward the close.
• Bollinger Bands widened significantly post-18:00 ET, reflecting heightened volatility and trend confirmation.
• MACD turned positive in the final 6 hours, aligning with bullish price action and confirming momentum shift.

Virtuals Protocol/Tether (VIRTUALUSDT) opened at 0.7562 on 2025-10-12 at 12:00 ET and surged to a 24-hour high of 0.8511 before retreating to a close of 0.7817 at 12:00 ET on 2025-10-13. Total volume over the 24-hour period reached 24,167,341.1 units, while total notional turnover amounted to $18,650,117.30 (assuming USDT as base). The price action reflects a strong bullish reversal in the final hours of the session, with key technical indicators confirming a shift in sentiment.

Structure & Formations

Price initially tested and broke through a key support level at 0.7817 in the early hours of 2025-10-12, triggering a sell-off that continued until midday. However, a strong bullish reversal began around 19:00 ET, marked by a series of bullish engulfing patterns and a rising wedge breakout. Key support levels were retested and held at 0.784, while resistance levels were decisively breached above 0.790. The 0.784–0.790 zone appears to be a critical pivot area that could see further consolidation or retesting in the near term.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended upward in the final 6 hours, with the 20-period MA crossing above the 50-period MA to form a golden cross. This signaled increasing bullish momentum. On the daily chart, the 50-period MA sits near 0.775, the 100-period near 0.768, and the 200-period near 0.760. The price is now comfortably above the 50-period MA, suggesting a potential continuation of the recent upward trend if the 0.784 level holds.

MACD & RSI

The MACD turned positive in the final hours of the 24-hour period, with the histogram expanding as bullish momentum gathered. RSI, which had been in oversold territory in the early part of the session, reversed sharply and entered overbought territory in the final candle. This suggests that the move upward may be running out of steam, and traders should watch for a potential pullback or consolidation phase before further bullish action can be confirmed.

Bollinger Bands

Bollinger Bands showed significant widening during the price’s upward move, especially after 18:00 ET, as volatility increased. The price closed near the upper band in the final 4 hours, indicating strong conviction in the bullish move. A contraction in the bands is expected if the price consolidates in the near term, which could signal a period of reduced volatility before the next directional move.

Volume & Turnover

Volume surged in the final 4 hours of the session, with the highest single 15-minute volume spike occurring at 13:45 ET when the price broke above 0.8011. This volume expansion confirmed the breakout and aligned with strong notional turnover. A divergence between price and volume was observed early in the session, but this was quickly resolved as volume surged in tandem with the price rise, reinforcing the strength of the bullish move.

Fibonacci Retracements

On the 15-minute chart, the price broke above the 61.8% Fibonacci retracement level at 0.793 and continued upward toward the 78.6% level at 0.811. On the daily chart, the 61.8% retracement of the recent low at 0.7655 is at 0.792. The price closed near this level, suggesting it could serve as a key support/resistance zone. A retest of this area in the next 24 hours could provide further insight into the strength of the current bullish trend.

Backtest Hypothesis

The recent bullish reversal pattern and strong volume confirmation suggest that a strategy based on the Bullish Engulfing candlestick pattern could have significant potential in this market. Given the sharp price reaction to the breakout and the alignment with MACD and RSI signals, a backtest using this pattern could be informative. For example, a strategy that enters a long position on the open of the candle following a confirmed Bullish Engulfing pattern, with a 5% profit target and a 5% stop-loss, could be tested using this dataset. The large volume spikes observed in the final 4 hours of the session further validate the pattern's significance and suggest strong order flow behind the move.