VIRTUAL’s Dramatic Fall: Is It a Tragic Comedy or Just Comedic Tragedy? 😂

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Key Takeaways

Ah, the capricious nature of VIRTUAL! Its price, once a gallant steed, has taken a dive exceeding 10% as user activity gracefully exits stage left, accompanied by a rather amusing outflow of $10 million. Shall it find solace, or does it spiral tragically below the fabled $1.50? 🎭

In a most theatrical twist of fate, the illustrious Virtual Protocol [VIRTUAL] has plummeted. A veritable 10% drop in value, whilst the greater cryptocurrency realm, in its magnificent nonchalance, merely shed 3.51% after several days of exuberant gains. One can only muse at the absurdity of it all, as elucidated by CoinMarketCap.

This precipitous fall may merely be the first act of a Shakespearean tragedy, as both on-chain and trading data parade about, flaunting their deepening sell pressure. Yet fear not, dear readers, for AMBCrypto proclaims a possible relief zone for our beleaguered altcoin hero!

VIRTUAL slides as users exit the protocol

The on-chain data, reminiscent of a somber farewell, reveals a significant decline in activity, mimicking the broader market’s lackluster retreat.

In the past day, VIRTUAL’s Daily Active Addresses dwindled to a meager 1,300, as reported by Artemis. Such a retreat from users often heralds a bearish sentiment shift—a bleak omen indeed, should this trend continue. 🐻

Simultaneously, our dear protocol’s fees have plummeted to a mere $9,900, marked as one of the weakest levels in 2025. Since protocol revenue dances directly with usage levels, this decline paints a most tragic picture of engaged participants fleeing from the scene. 🎩

To ascertain whether this downward spiral might persist, AMBCrypto engaged in a bit of forensic examination of additional metrics.

$10 million wiped from the market

In a comically tragic twist, spot and derivatives investors have collectively donned their bearish faces, casting off $10.8 million worth of VIRTUAL into the netherworld.

From this delightfully morbid sum, $9.87 million waltzed away from closed derivatives contracts, while spot traders added an encore by offloading $934,000. 💸

As Coinalyze so sagely reported, the Open Interest (OI)—our barometer of outstanding contracts—plummeted by 9.37% to a rather pathetic $107 million. When both spot and futures markets decide to exit, it’s often a telling reflection of waning enthusiasm and a rising tide of short-sellers lurking about like well-dressed specters. 👻

A relief zone exists! But not imminent

VIRTUAL’s recent descent conveniently followed its rejection of the horizontal resistance of an Ascending Triangle—how delightfully dramatic! As this asset skids lower, it could once again pay homage to the diagonal support zone near $1.50.

Should this level prove resilient, a bounce towards resistance is within the realm of possibility. Yet, unless the broader momentum returns, a breakout seems as likely as finding a perfect soufflé in an English pub. 🍽️

At the time of this tragicomedy, VIRTUAL trades at a lofty $1.61—trembling above support but sorely lacking in direction. 🌀

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2025-07-15 16:11