Date: Tue, May 27, 2025 | 07:18 AM GMT
The cryptocurrency market has staged an impressive rebound this quarter, with Ethereum (ETH) leading the charge. After climbing over 40% in Q2, ETH is now trading above $2,550, having recently touched a high of $2,700 — a level last seen in February. The renewed momentum is sparking interest across the altcoin space, and one project standing out in particular is Virtuals Protocol (VIRTUAL)
After more than doubling in value this month, VIRTUAL is flashing a classic bullish setup that traders may want to keep an eye on.
Power of 3 in Play?
On the 4-hour chart, VIRTUAL appears to be forming a “Power of 3” pattern — a reliable price cycle structure made up of three phases: accumulation, manipulation, and expansion.
Accumulation Phase
Between May 8 and May 16, VIRTUAL moved sideways in a tight range between $1.82 and $2.22, shown on the chart as the shaded gray box. This range-bound action represents a typical accumulation phase, where early investors quietly build positions while price volatility remains low.
Manipulation Phase
Starting around May 16, VIRTUAL briefly dipped below the support of the range, hitting a low near $1.70. This move, marked in red, likely flushed out stop-losses and discouraged weak hands — a classic bear trap known to precede stronger uptrends.
Expansion Phase
After the fake-out, VIRTUAL quickly reclaimed the range and is now trading around $2.20, just shy of the key resistance level at $2.22. The chart now highlights a growing green zone — signaling the early stages of the expansion phase. If the price convincingly breaks through this resistance, it could unlock significant upside.
Key Targets and What’s Next
If VIRTUAL breaks and holds above the $2.22 resistance, the breakout could confirm the final expansion leg of the Power of 3. The projected measured move target — based on the height of the original range — gives a near-term upside target of around $2.80, which is approximately 26% higher than current levels.
This target aligns with the upper boundary of the green box, reflecting a potentially bullish continuation if momentum sustains.
As always, traders should watch volume closely and wait for confirmation before acting, especially in high-volatility conditions like these.
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