VIRTUAL Plunges 20%! Is a Drop to $0.50 Inevitable?

• A steep decline signals strong bearish momentum with price breaking key support levels.
• According to chart patterns the market is likely to drop further to potentially reach $0.50 or below when selling activities remain elevated.
• Due to lack of purchase interest combined with stronger selling activity it will be hard to recover unless VIRTUAL regains its $1.00 price point.

Virtuals Protocol (VIRTUAL) has experienced a steep decline, losing 20.2% of its value in the past 24 hours and currently trading at $0.8738. The crypto asset dropped to its lowest point of $0.8639 after reaching $1.13 daily high. 

This indicates serious bearish tendencies. The market value of VIRTUAL has decreased substantially through its Bitcoin (BTC) and Ethereum (ETH) trading pairs resulting in losses of 12.5% and 10.4%. Technical indicators predict VIRTUAL will experience a significant breakdown that might lead to $0.50 as its lowest trading point based on current market patterns.

Technical Breakdown and Chart Analysis

The VIRTUAL/USDT 4-hour chart shows a descending triangle pattern which signals growing pressures from sellers. The price has repeatedly made lower high marks during support tests that reach around $0.939.The failure to break above key Fibonacci resistance levels, particularly $1.42 (0.618 Fibonacci retracement level), reinforces the likelihood of a continued downward trend

The market indicates bearish momentum dominance when the price fell beneath the support line. The primary support zones stand at $0.693 that matches the 1.272 Fibonacci extension and $0.601 which meets the 1.414 Fibonacci extension. Analysts expect the price to reach $0.50 if selling persists because this level matches both the descending triangle pattern target and the 1.618 Fibonacci extension at $0.448.

Market Sentiment and Implications

The sharp drop in VIRTUAL’s price reflects weak market sentiment and increased selling activity. A 20% decline in a single day suggests a lack of strong buying interest, and the breakdown from the descending triangle could indicate further losses. 

A recovery will necessitate VIRTUAL to retake $1.00 while breaking through the descending trendline to restore bullish sentiment. A failure to maintain a price range above $0.85-$0.87 would boost the risk of market value dropping lower.

Virtuals Protocol is currently facing intense bearish pressure, and technical patterns suggest a potential move toward $0.50 if the breakdown continues.With the broader cryptocurrency market also experiencing volatility, VIRTUAL’s near-term trajectory remains uncertain, making risk management crucial for traders.