$VIRTUAL Gaining strength- hold above $1.30 could send it to $5$VIRTUAL/USDT: SPARKS:VIRTUAL is Gaining strength- hold above $1.30 could send it to $5+
Price is respecting the accumulation range between $1.30–$1.60 with multiple successful retests of the demand zone at the base.
🔹 Structure: Accumulation phase within a descending triangle
🔹 Support: Strong base at $1.30 – bulls defending this level consistently
🔹 Resistance: Descending TL compressing price- breakout imminent
🔹 Bias: Bullish above $1.30
Expectations:
✅ Clean breakout above the TL (~$1.60) will flip structure bullish
✅ Post-breakout targets: $2.00/$2.70/$4.50+
✅ If $1.30 continues to hold as HTF support, I’m expecting $5+ in the coming days.
Invalidation: Any HTF close below $1.30 shifts the bias.
Watch for breakout volume- confirmation will trigger rapid upside movement.
NFa & DYOR
Virtual
is $VIRTUAL about to fly to $8?Don’t ignore this setup – is SPARKS:VIRTUAL about to fly to $8?
Price action is currently displaying a bullish flag structure on the daily chart — a continuation pattern following a strong impulse leg.
🔸 Impulse Move (Flagpole): +335% vertical rally
🔸 Consolidation Phase: Descending parallel channel forming the flag
🔸 Market Structure: Bullish continuation intact as long as the lower trendline holds
Technical Levels:
▪️ Support Zone: $1.30–$1.10 (confluence of demand & trendline support)
▪️ Breakout Confirmation: Clean daily close above $2.00 with elevated volume
▪️ Projected Target: $8.18 (measured move = flagpole height from breakout level)
Observations:
▪️ No structural breakdown observed — price respecting flag support
▪️ Volume remains muted during consolidation — typical in bullish flags
▪️ Breakout potential increases if price compresses toward apex with decreasing volatility
Invalidation: Break below $1.10 on high volume would shift bias neutral/bearish.
Strategy: Watch for breakout + retest confirmation above $2.00 to target $8.18. Risk can be defined below lower trendline support.
Note: NFa & DYOR
VIRTUAL Long Setup – Watching Key Support with BTC CorrelationVIRTUAL is approaching a major support zone, with a potential long spot entry dependent on Bitcoin stability. We’ll be looking to enter around the $1.50 level, provided it holds as support.
📌 Trade Setup:
• Entry Zone: Conditional on $1.50 holding as support
• Take Profit Targets:
o 🥇 $2.15 – $2.60
o 🥈 $3.00 – $3.60
• Stop Loss: Tight stop, daily close below $1.40