Virtuals Protocol Market Overview

• Virtuals Protocol posted a strong 24-hour rebound, closing 1.6% higher amid a bullish breakout above key resistance.
• Volatility surged mid-session as price dropped to 1.1646 before rallying sharply, with volume surging in the final 6 hours.
• A bullish engulfing pattern formed during the last 30-minute session, suggesting short-term momentum favors higher prices.
• RSI and MACD showed positive divergence in the final hour, indicating a potential reversal from oversold conditions.
• Bollinger Bands expanded sharply during the price action, reflecting heightened trader activity and market uncertainty.

Market Overview

Virtuals Protocol (VIRTUALUSDT) opened at $1.1976 on 2025-08-19 at 12:00 ET and closed at $1.2323 on 2025-08-20 at 12:00 ET. The pair reached a high of $1.2372 and a low of $1.1603 over the 24-hour window. Total traded volume amounted to approximately 22,325,632.4 and notional turnover stood at $26.7 million, reflecting strong participation especially in the final 6 hours of the period.

Structure & Formations

A key support level emerged around $1.16–1.17, where the price found a floor during the dip on 2025-08-19. A strong bullish reversal occurred after a 4-hour decline, with the price forming a bullish engulfing pattern in the final 30-minute candle. This formation suggests a shift in sentiment toward buyers. Resistance levels at $1.18–1.19 were tested multiple times and eventually broken on the way to a high of $1.2372.

Moving Averages

Short-term moving averages (20/50-period on the 15-minute chart) crossed to the bullish side during the late-night and early-morning rally. The price closed above the 50-period MA, indicating continued upward momentum. On the daily chart, the 50-period MA remains above the 200-period MA, supporting a longer-term bullish bias.

MACD & RSI

The MACD crossed above zero and remained positive during the final 4 hours, confirming bullish momentum. The RSI moved from oversold territory (<30) to a neutral range (45–50) by the end of the period, indicating potential for further gains. Divergence between price and RSI in the final hour suggests a possible consolidation or pullback in the near term.

Bollinger Bands

Bollinger Bands expanded significantly during the price swing from $1.1646 to $1.2372, indicating heightened volatility. The price closed near the upper band, suggesting strong buying pressure. A contraction in the next 24 hours may precede a directional move or a consolidation phase.

Volume & Turnover

Volume surged during the key 15-minute candle at 15:30 ET (2025-08-20), coinciding with the breakout above $1.2341. The total notional turnover of $26.7 million was concentrated in the last 6 hours, confirming that the recent rally was backed by strong liquidity and institutional participation. Price and turnover aligned during the rally, signaling a confirmed bullish move.

Fibonacci Retracements

On the 15-minute chart, the price retraced to the 61.8% level (around $1.16–1.17) during the early decline, then extended beyond the 127.2% projection after the bullish reversal. On the daily chart, the 38.2% retracement level aligns with the recent close, indicating a possible continuation of the upward trend if support at $1.18 holds.

Virtuals Protocol appears to be in a favorable position to extend its rally, but caution is warranted as the RSI shows signs of overextension. A pullback or consolidation could occur if the 1.2350–1.2370 range faces immediate pressure. Investors should monitor for a retest of key support at $1.17–1.18, which, if broken, may trigger a reevaluation of the near-term trend.