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Virtuals Protocol volume jumps 83% with modest 3% price gain amid bearish sentiment

Technical Signals
24 Mar 2026
AMBCrypto
View Source
Bullish
pluang ai news

Virtuals Protocol (VIRTUAL) saw an 83% increase in daily trading volume and a 3% price rise in the last 24 hours, but Open Interest rose only slightly by 1.75%, indicating weak speculative conviction. The Funding Rate remained mostly negative and Spot CVD was flat, reflecting ongoing bearish market sentiment. Technical analysis shows a defended support zone around $0.66-$0.68, suggesting potential for a price rally toward $0.95-$1.04 in the coming weeks, especially with Bitcoin's recent strength above $70k. Overall, despite short-term bullish signals, the long-term trend remains bearish, so traders should watch for a move toward $1 before expecting a bearish reaction.

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