- The failure of the H4 bullish order block promised new lows for VIRTUAL price prediction.
- The OBV has made lower lows on the daily, and the CMF signaled bearish dominance.
Virtuals Protocol [VIRTUAL] has been trending downward over the past three weeks. While the pullback was considered healthy a week back, the loss of the 78.6% Fibonacci retracement level at 2.67 on the 19th of January was a bearish blow.
Since then, the sellers have compounded the bulls’ woes. Bitcoin [BTC] saw heightened volatility in the past three weeks.
A BTC pump did not take VIRTUAL considerably higher, but the former’s losses dragged Virtuals Protocol and the rest of the altcoin market downward.
Virtuals price prediction shows bearish turbulence ahead
Source: VIRTUAL/USDT on TradingView
The Fibonacci retracement levels were plotted based on the uptrend the token exhibited in December. At press time, VIRTUAL was just above the 100% retracement level.
The failure to hold the 78.6% level has turned the pullback into a downtrend on the daily timeframe.
The market structure was bearish, and the daily RSI dived below neutral 50 earlier this month to show bears had the upper hand. This has not changed.
More worrying was the steady losses on the OBV. It made lower lows throughout January, reflecting steady selling volume.
Source: VIRTUAL/USDT on TradingView
The H4 chart reinforced the bearish outlook. The bullish order block at $2.4 from mid-January has been breached. It is now expected to act as a resistance zone.
The Virtuals price prediction is a sustained downtrend in the coming days.
The CMF was below -0.05, and the breach of the bullish order block meant $2 will soon be challenged. If overcome, the bears are highly likely to drive prices to the 23.6% southward extension at $1.25.
This level coincided with a horizontal support level at $1.34.
Source: Coinglass
The liquidation heatmap showed that the $2.2 and $1.95-$1.85 regions were candidates for a bullish reversal. The price action of the past 24 hours showed that $2.2 was swept, and the liquidation cascade pushed prices lower.
Read Virtuals Protocol [VIRTUAL] Price Prediction 2025-26
Bearish pressure was unlikely to relent in the coming days. A move to $1.85 could commence this week. Whether a bullish reversal could occur depends on capital inflows and BTC sentiment.
With BTC below $100k, the Virtuals price prediction was strongly bearish in the short to medium term.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion
