VIRTUAL price is the top loser among major altcoins in the last 24 hours, falling 15% and extending its seven-day decline to 43%. This sharp drop has brought its market cap down to approximately $1.5 billion, as almost all big AI coins face strong corrections in the last week.

Key indicators like RSI and BBTrend highlight oversold conditions, signaling the potential for a recovery, though bearish momentum remains strong. With VIRTUAL hovering near critical support at $2.23, its next move could determine whether it rebounds or risks a further drop to $1.20, marking a potential 48% correction.

VIRTUAL RSI Hit Its Lowest Levels In 5 Months

VIRTUAL RSI is currently at 27.3, rebounding slightly after hitting a low of 18.7 a few hours ago. These levels mark the lowest RSI readings for VIRTUAL since August 2024, signaling significant oversold conditions. The RSI (Relative Strength Index) is a momentum oscillator that ranges from 0 to 100 and is commonly used to assess whether an asset is overbought or oversold.

Typically, an RSI below 30 indicates oversold conditions, suggesting the potential for a price rebound, while an RSI above 70 signals overbought conditions, hinting at a possible pullback.

With VIRTUAL’s RSI now at 27.3, it indicates that the asset remains in oversold territory. This could mean a short-term price recovery might be on the horizon, as oversold conditions often attract buyers looking for discounted entry points.

However, if bearish momentum persists, VIRTUAL price could remain under pressure, losing more spots among the biggest artificial intelligence coins.

VIRTUAL BBTrend Is Breaking Negative Records

VIRTUAL’s BBTrend is currently at -35.8, marking its lowest level since August 8, 2024. This indicator has remained negative for six consecutive days, ref

Go to Source to See Full Article
Author: Tiago Amaral