VIRTUAL corrects 13%, but bullish sentiment remains high – What’s next?

• 112 Top wallets now hold nearly $ 16 million in virtual, high -end signaling positioning.
• Derivative data show bull bevels with positive financing and growing long positions.

After 237% of the rally in the last month, Virtual protocol [VIRTUAL] It entered the corrective phase, falling 13% in a weekly time and 2.3% daily.

Despite this launch, virtual accumulates across the board, indicating that the market remains widely bull. Here’s how.

Intelligent money gets more virtual

Recent Analysis on Nansen revealed This virtual has become a token go-to ai for smart money. These wallets-well-known for strategies with a high return-are quietly building positions.

In fact, 112 intelligent cash wallets hold virtual, almost as much as the total of the total three most most tokens, which have a total of 114 holders.

These 112 wallets now have an asset worth $ 15.92 million. This level of participation and volume indicates a strong belief in the potential of rally asset.

Market traders are consistent with smart money

While smart money holds virtual, the bull’s interest also builds on the spot and derivative markets.

In the last 72 hours, the market has noticed $ 5.71 million in virtual purchases, most of which moved from exchanges – which was the behavior of smart money.

Meanwhile, long positions have appeared on the derivative market.

The open interest rate of financing – which combines open interest and financing rate for predicting market direction – has remained positive.

Positive reading indicated that the most devious derivative contracts worth $ 205.05 million come from long traders.

When the derivative market leans in favor of buyers, along with stable accumulation on the spot market, it usually supports a positive price move.

Recognition is close – the chart reveals

Bollinger Bands (BB) used to predict potential resistance and support based on prices, suggest that relief may be close.

On a one -day graph, the price is close to the mean level, around $ 1.70. This level could act as potential support and push higher price.

The short -term goal of this rally is $ 2.26, with a long -term goal over $ 5.

In addition, the accumulation/distribution (A/D) accumulation indicator has changed slightly upwards – a timely stamp of the renewed purchasing interest.

However, it remains in the negative territory, suggesting that not all investors are not yet convinced.

Nevertheless, the permanent price reflection could move the A/D indicator back to the bull terrain and strengthen the virtual long -term upward.