Amid market recovery, the VIRTUAL token has garnered significant attention due to its rapid price spike. However, the surge was followed by a correction triggered by investor activities.
Sudden Rise and Subsequent Correction
On January 31, 2025, VIRTUAL token experienced a price rally exceeding 50% for the first time this year. However, many investors saw this as a sell-off opportunity, leading to a price drop. Analytics from Coinglass indicates long-term holders began offloading their assets.
Current Price Momentum
The asset is currently trading near $2.15, maintaining only a 1.85% gain over 24 hours, despite an earlier peak of over 50%. Trading volume surged by 280%, indicating strong participation.
Analysis and Forecasts
Data from Coinglass reveals that many traders have begun betting on a price decline, shifting market sentiment. Currently, the price is consolidating, but there is a possibility it may continue correcting.
The drastic rise and subsequent correction of VIRTUAL highlight the market's sensitivity to investor and trader actions. The coming days will reveal how the situation unfolds.
