Date: Sat, June 21, 2025 | 03:30 PM GMT
The cryptocurrency market remains under pressure as heightened geopolitical tensions between Israel and Iran weigh heavily on investor sentiment. Ethereum (ETH) has retreated sharply from its monthly high of $2,877 to around $2,425, and this broad weakness is echoing across altcoins — including Virtuals Protocol (VIRTUAL).
Over the last seven days, VIRTUAL has dropped by 21%, pushing its monthly losses to a steep 28%. But beneath the panic and red candles lies an encouraging technical setup — one that mirrors a past fractal seen in Chainlink (LINK) before it made a massive upside move.
Fractal Suggests Bullish Reversal Ahead
A detailed look at LINK’s 2024 performance shows it underwent a similar period of volatility. After forming a head-and-shoulders top and entering a prolonged downtrend, LINK eventually bottomed out in a demand zone between $8.50 and $9.00. It was here that the token showed early signs of strength — reclaiming the 100-day moving average and printing a bullish MACD crossover. This confluence led to an explosive 200%+ rally, sending LINK to $30 within a few months.
Now, VIRTUAL seems to be replicating that exact setup.
Just like LINK, VIRTUAL has formed a head-and-shoulders top pattern and has broken down from it. It is currently approaching its key demand zone between $1.21 and $1.32 — an area where it previously found strong support. The current correction phase is also developing below the 100 MA, making it a critical area to watch for a potential reversal.
The fractal even suggests a similar consolidation-recovery phase could follow next, potentially driving VIRTUAL back toward the $2 mark if the pattern holds.
What’s Next for VIRTUAL?
If VIRTUAL holds the $1.21–$1.32 demand zone and shows signs of accumulation — especially with a reclaim of the 100 MA at around $1.82 — the fractal setup suggests a bullish reversal could be on the table. This could trigger a move toward $2.80–$3.00 in the short term, and possibly higher if overall market conditions improve.
However, with the broader market still under macro stress from global conflicts, investors should remain cautious. Technical confirmation — such as a bullish divergence or a moving average crossover — would be critical before taking positions based solely on this fractal.
Disclaimer: This article is for informational purposes only and not financial advice. Always do your own research before making any investment decisions.
The opinions and market insights shared on CoinsProbe represent the views of individual authors based on prevailing market conditions at the time of publication. Cryptocurrency investments carry significant risk and volatility. Readers are encouraged to conduct their own research and seek professional financial advice before making investment decisions. CoinsProbe and its contributors do not accept responsibility for financial losses or decisions made based on published content.
CoinsProbe may publish sponsored articles, affiliate links, or promotional collaborations. All sponsored material is clearly labeled to maintain transparency with our audience. Our editorial decisions remain fully independent, and advertising partnerships do not influence reviews, rankings, or published opinions.
Since 2023, CoinsProbe has delivered reliable insights on cryptocurrency, blockchain, and digital assets. Our content is created by experienced researchers and analysts who follow strict editorial standards focused on accuracy, transparency, and credibility. Every article is carefully reviewed and verified using trusted sources and current market data. We provide unbiased analysis and timely updates covering everything from emerging crypto projects to major industry developments.
