Key Insights
VIRTUAL has experienced a significant price drop of over 10% due to declining user activity and $10 million in outflows, indicating weakening demand. Will it stabilize above $1.50 or continue to decline?
Virtual Protocol [VIRTUAL] has witnessed a sharp decline, losing more than 10% of its value while the overall cryptocurrency market only decreased by 3.51% following several days of gains, as reported by CoinMarketCap.
The significant drop in price may just be the beginning, with both on-chain data and trading data indicating increasing selling pressure. However, AMBCrypto has identified a potential support level for the altcoin.
VIRTUAL’s Price Decline Linked to User Exodus
On-chain data reveals a notable decrease in user activity, reflecting the broader market pullback.
In the last 24 hours, VIRTUAL’s Daily Active Addresses plummeted to just 1,300, according to Artemis data.
A drop in user engagement like this often signals a shift towards bearish sentiment, which could worsen if the trend continues.
Alongside the decline in users, protocol fees declined to $9,900, marking one of the lowest levels recorded in 2025. Since protocol revenue is directly linked to usage, this decrease indicates a gradual exit of active participants.
To assess the possibility of a continued downtrend, AMBCrypto analyzed additional metrics.
$10 Million Removed from the Market
Both spot and derivatives investors have turned bearish, offloading $10.8 million worth of VIRTUAL.
Out of this amount, $9.87 million came from closed derivatives contracts, while spot traders sold another $934,000.
Coinalyze reported a 9.37% drop in Open Interest (OI), which tracks the total value of outstanding contracts, to $107 million.
When both spot and futures markets show exits, it typically indicates diminishing enthusiasm and increased pressure to short the altcoin.
A Support Level Emerges, But Not Immediate
VIRTUAL’s recent decline occurred after rejecting the horizontal resistance of an Ascending Triangle. As the asset continues to slide, it may retest the diagonal support zone near $1.50.
If this level holds, a rebound towards resistance could be possible. However, without a broader return in momentum, a breakout appears unlikely.
Currently, VIRTUAL is trading around $1.61, staying above support but lacking clear directional strength.
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