What Smart Money, whales, and Key Opinion Leaders (KOLs) have been doing lately in the Virtual Protocol [VIRTUAL] market is a clear sign of re-accumulation. This happened a lot when the price of VIRTUAL fell below $2.50.
At average prices of $2.35 and $2.45, big buyers made purchases that put over $551K into VIRTUAL, which was recorded on the DEX account. These deals were their first time buying this product, showing a strategic entry point.
Along with these acquisitions, there was a rise in the number of purchases, which suggests that smart money groups as a whole agree on something. In this case, the lower price point seems to have been a chance to buy.
This influx, especially after a drop, probably sped up the short-term rise in VIRTUAL’s price, proving that large, planned buys can change the way the market works.
This trend made it clear how important big players are in the market when it comes to starting price rebounds after drops.
Action and forecast of virtual prices
As it moves through the Ichimoku Cloud, the VIRTUAL/USDT chart study shows a lot of strength.
The $2.50 Conversion Line made its role as key short-term support clear, which helped the price start to rise again. This upward advance might find more support at $3.00, which would make the asset even more stable.
These positive thoughts are backed up by the MACD signs. A classic bullish warning is when the MACD line crosses above the signal line. This means that the price is likely to keep going up.
Also, the price was able to test the level of resistance that turned out to be support at $2.2, confirming that it will be a key support zone for future price moves. Virtual is now aiming for the $5.26 level of resistance as a possible high point if the upward trend continues.
But people should still be careful because a break below the $2.2 support could start a downward trend that makes the current optimistic situation less likely.