Date: Thu, Sept 18, 2025 | 03:20 PM GMT
The cryptocurrency market is showing upside resilience today as Ethereum (ETH) jumps to the $4600 mark with a 2.50% intraday gain, following the latest Fed rate cut decision. Riding on this momentum, several altcoins and memecoins are flashing bullish setups — including Virtuals Protocol (VIRTUAL).
VIRTUAL has already surged by an impressive 10%, but the chart is pointing to a much bigger development — a bullish pattern formation that could set the stage for further gains in the coming sessions.
Cup and Handle in Play
On the 4H chart, VIRTUAL is displaying one of the most well-known bullish continuation patterns — the Cup and Handle.
The “cup” began forming after VIRTUAL faced rejection near the $1.41–$1.42 zone earlier this month, which triggered a deep pullback toward the $1.0 mark. Buyers stepped in strongly at those lower levels, stabilizing the token and fueling a steady recovery.
Recently, VIRTUAL made a strong bounce from around $1.18, aligning with its 100-day moving average (MA), as the handle formation shaped up. The token has since reclaimed momentum and is now trading around $1.36, pressing into the critical neckline resistance zone between $1.36 and $1.41. This is the battleground where the next breakout decision will likely occur.
What’s Next for VIRTUAL?
If VIRTUAL successfully breaks above the neckline resistance at $1.41–$1.36, the bullish continuation setup would be confirmed. Such a breakout could open the door for an initial move toward $1.49, with the pattern’s breakout projection pointing toward a target around $1.82 — a potential 33% gain from current levels.
With one of the strongest bullish formations now in play, all eyes are on Virtual as it approaches its defining breakout moment.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.