The cryptocurrency VIRTUAL is trading within a clear ascending channel, showing consistent higher lows as of Wednesday, February 25. Analyst Alpha Crypto Signal notes this pattern indicates ongoing buying interest, with a breakout above the upper trendline potentially pushing the price toward $0.75. Technical indicators, including a MACD crossover and expanding Bollinger Bands, suggest a positive shift in short-term momentum for the asset.
The token VIRTUAL is trading within a clean ascending channel, maintaining a structure of higher lows. *This pattern highlights ongoing buying interest at support levels, suggesting the market remains bullish,* according to crypto analyst Alpha Crypto Signal.
Price action is approaching the channel’s top while respecting its technical boundaries. The situation at the resistance level will dictate whether upward pressure can continue.
Alpha Crypto Signal advises caution at the resistance, warning against entering long positions prematurely. A confirmed breakout above the upper trendline with high volume could continue the trend toward the $0.75 level.
Failure to break higher may see the price move toward the channel’s midline or lower support. This would reinforce the channel’s structure while allowing buyers to regroup.
TradingView data shows VIRTUAL’s price broke out powerfully after a multi-day correction, moving toward a resistance area between $0.69 and $0.71. The price has moved past the 20-period SMA support at $0.61 and into the upper Bollinger Band.
The MACD indicator validates this shift with a clear crossover above the signal line and expanding green bars. Momentum has turned decisively positive, though consolidation or a slight pullback may occur before further gains.
