Whale's $4.28M Bet Boosts VIRTUAL 7.68% in One Day

A whale acquired 2.48 million VIRTUAL tokens using $4.28 million in ETH and AERO, averaging a price of $1.72 per token. This acquisition was part of a broader strategy that saw the whale also acquire AERO tokens. The whale's confidence in both tokens was evident, as VIRTUAL saw four distinct WETH transactions totaling 653 ETH, worth $1.2 million. This aggressive buying strategy indicated strong conviction in the future value potential of VIRTUAL, which could boost its short-term price behavior.

Despite the whale's backing of both altcoins, VIRTUAL outperformed AERO in almost all evaluations. At the time of writing, VIRTUAL was trading at $1.746, while AERO was holding at $0.660. Their respective market caps stood at $1.13 billion and $533.7 million. VIRTUAL recorded a 7.68% increase in one day and a 37.87% increase in seven days, while AERO saw minor gains of 0.75% for daily movement and 1.64% on the weekly. This showed that VIRTUAL retained greater upward movement despite having a smaller supply than AERO.

For the price action, VIRTUAL exceeded AERO by reaching $1.74 after breaking through its descending trendline and confirming a bullish crossover of the MACD indicator. The histogram displayed powerful upward force, which operated alongside the MACD line at 0.2802 remaining higher than the signal line at 0.1727, suggesting potential price growth for VIRTUAL. As the price stabilizes above $1.50, it may rally with resistance challenges at $2.00 before reaching $4.00, which served as the former turning point. However, the price could face profit-taking activities if it cannot hold above $1.50, enough to prevent a downward retreat towards $1.00.

On the other hand, AERO broke its trendline and retested, but stopped just below $0.70, where it was seeing a brief rejection. The positive position between the MACD line at 0.061 and the signal line at 0.042 indicated further moves were probable if $0.70 acted as support. AERO had the possibilities of reaching $1.01 or potentially $1.58 price levels, depending on increased trading volume. However, AERO had a high risk of moving down to $0.50 or even lower in case the $0.70 level remained untapped. The price recovery of VIRTUAL turned out more forceful compared to whales’ belief in both tokens. AERO could face ongoing success only after reclaiming $0.70 and needed to perform this action for sustained positive momentum. The momentum gap indicated VIRTUAL invited ongoing leadership positions, but AERO only had a chance to lead if its price succeeded in breaking out above the aforementioned levels.

In summary, despite the whale's backing of both VIRTUAL and AERO, VIRTUAL emerged as the stronger performer. The whale's aggressive buying strategy and the subsequent price action of VIRTUAL indicated strong conviction in its future value potential. In contrast, AERO's price action was less forceful, and it faced challenges in reclaiming key support levels. The momentum gap between the two tokens suggested that VIRTUAL was likely to maintain its leadership position, while AERO would need to break out above certain levels to challenge VIRTUAL's dominance.