Virtuals Protocol Market Overview: 2025-08-13

• Virtuals Protocol (VIRTUALUSDT) rallied into early ET, peaking at $1.3942 before consolidating into a bearish wedge.
• Momentum shifted from bullish to bearish, with RSI and MACD signaling weakening trend strength.
• Volatility spiked early but receded, with price settling below the 20-period MA at 1.3669.
• Notable volume divergence emerged at 1.39–1.40, hinting at potential reversal.
• Key support near 1.35–1.36 is likely to be tested within 24 hours.

Market Overview

Virtuals Protocol (VIRTUALUSDT) opened at $1.3573 (12:00 ET–1), reached a high of $1.3942, and closed at $1.3587 at 12:00 ET today. The 24-hour volume totaled 7,853,504.4 with a notional turnover of approximately $10,766,192. The price action reflects a volatile session with early strength followed by a pullback into consolidation.

Structure & Formations

The 15-minute OHLCV data reveals a bearish wedge forming after a sharp upward thrust, suggesting potential for a continuation lower. Key resistance levels emerged at 1.38–1.39, with multiple rejections observed, while support is forming near 1.35–1.36. A long lower shadow at 1.3601–1.3659 indicates a brief rejection of lower levels but not a strong reversal. A bearish engulfing pattern is visible between 1.3891 and 1.3763, signaling a shift in sentiment.

Moving Averages

VIRTUALUSDT closed below the 20-period moving average at 1.3669, a bearish signal on the 15-minute chart. The 50-period MA is currently at 1.3632, offering limited near-term support. On the daily chart, the price has crossed below the 50 and 100-period MAs, reinforcing a bearish bias in the broader trend.

MACD & RSI

The MACD line has crossed below the signal line, indicating weakening bullish momentum. The RSI is currently at 49.3, neutral but trending lower, which may suggest a potential oversold condition if the decline continues. A bearish divergence between price and RSI in the 1.38–1.40 range hints at a possible countertrend bounce, though momentum remains bearish.

Bollinger Bands

Volatility was at its peak in the early hours of the session, with price reaching the upper band at 1.3942. As the session progressed, the bands have contracted, suggesting reduced volatility. Currently, the price is sitting just above the 20-period MA within the lower half of the bands, indicating a consolidation phase ahead.

Volume & Turnover

Volume surged during the early bullish push to 1.3942, with a peak of 669,064.5 units traded at that level. However, volume has since tapered off as the price retraced lower, forming a bearish divergence with price. Total notional turnover reached a peak of $10.76 million. The lower volume on the bearish leg suggests a possible exhaustion in the decline.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 1.3573–1.3942 move, the 61.8% level at 1.3725 has acted as a dynamic resistance and support zone multiple times. The 38.2% level at 1.3676 may offer some near-term support, but a break below that would target the 50% level at 1.3757 on a retest. The 1.35–1.36 level is critical and may see a test in the next 24 hours.

VIRTUALUSDT could test the 1.35–1.36 level in the next 24 hours, depending on short-term order flow and macro cues. A breakout above 1.38–1.39 may signal a rebound, but a close below 1.35 could extend the decline. Investors should remain cautious of macro risks and potential volatility from broader market conditions.