Key Takeaways
- VIRTUAL has formed a Bearish Bat harmonic pattern on the daily chart, suggesting potential upside toward the $0.838–$0.884 PRZ zone.
- The token surged 24% and is now testing the 50-day moving average near $0.7635, a key breakout level.
- Holding above the $0.5709 support zone remains crucial to maintain the bullish harmonic structure.
The broader crypto market is attempting a recovery as Bitcoin and Ethereum post roughly 3% gains over the past 24 hours. That improvement in sentiment is lifting several altcoins, including Virtuals Protocol, which has surged an impressive 24%.
Beyond the price jump, the daily chart is now flashing a well-defined harmonic structure — a setup that often signals a continuation move before a potential reversal. In this case, the pattern suggests there may still be room for additional upside in the short term.
Bearish Bat Pattern in Play
On the daily timeframe, VIRTUAL appears to be forming a Bearish Bat harmonic pattern. While the name may sound negative, this structure typically allows price to rally toward the completion point, known as Point D, before any larger corrective reaction unfolds.
The pattern began at Point X near the $0.884 level, followed by a sharp decline into Point A. From there, the token rebounded toward Point B before undergoing a deeper corrective move into Point C around the $0.5709 zone. That region acted as a strong demand area, where buyers stepped in and stabilized the decline.
Since printing the Point C low, VIRTUAL has steadily recovered and is now trading near $0.7248. This rebound indicates that selling pressure is fading while short-term momentum shifts back toward the bulls.
Adding further technical importance, the 50-day moving average is currently positioned around $0.7635. Price is approaching this level, making it a critical hurdle. A decisive reclaim and hold above the 50-day moving average would strengthen the bullish case and confirm improving momentum.
What’s Next for VIRTUAL?
If buyers continue to defend the $0.5709 support zone and successfully flip the 50-day moving average into support, the Bearish Bat structure projects a move into the Potential Reversal Zone.
Based on Fibonacci projections, that zone lies between $0.8383, which aligns with the 0.886 extension, and $0.8842, corresponding to the 1.0 extension of the harmonic pattern. From current price levels, this represents roughly 13–20% potential upside before the structure reaches full completion.
However, the bullish outlook depends on maintaining key support. A breakdown below the $0.5709 region would weaken the harmonic setup and could invalidate the projected move toward the PRZ.
For now, VIRTUAL remains technically constructive. With broader market sentiment stabilizing and price rebounding strongly from Point C, the harmonic pattern suggests that the next meaningful move could favor the upside — provided current support levels continue to hold.
Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
About Author: Nilesh Hembade is the Founder and Lead Author of Coinsprobe, with over 5 years of experience in the cryptocurrency and blockchain industry. Since launching Coinsprobe in 2023, he has been providing daily, research-driven insights through in-depth market analysis, on-chain data, and technical research.
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