Virtual Protocol’s VIRTUAL token surged 10% amid a broader altcoin market rebound, briefly outperforming the sector. The rally followed a deposit of 13.05 million VIRTUAL tokens, worth approximately $7.51 million, to Binance by the project’s team, raising questions about whether the price movement represents a genuine trend shift or a potential exit pump. Technical analysis suggests the token must break and hold above $0.68 to confirm a bullish trend, otherwise risking a return to consolidation or a drop toward $0.46.
The VIRTUAL token posted a 10% gain as the broader cryptocurrency market rebounded by approximately 3.45%. This surge occurred as the Altcoin Season Index climbed from 25 to 30 within five days, indicating improved sentiment for alternative cryptocurrencies.
On-chain data from Lookonchain revealed the Virtual Protocol team deposited 13.05 million VIRTUAL, valued at $7.51 million, into Binance. The community speculated this move could be for liquidity management or token distribution, with the latter potentially inducing selling pressure.
Chart analysis indicated VIRTUAL’s price needed to break and sustain above the $0.68 level to signal a trend shift toward $0.75. Failure to do so could result in continued sideways consolidation between $0.53 and $0.68 or a retest of lower support near $0.46. The broader market context showed the Bear Market Probability Model at 33%, reflecting cautious but stabilized conditions.
The token’s price action was backed by on-chain data, unlike many altcoins moving primarily on technical signals. The team’s deposit activity led to questions about whether the rally marked a sustainable bullish shift or a short-term exit pump preceding potential distribution.
