Date: Fri, Aug 08, 2025 | 06:04 AM GMT
The cryptocurrency market is showing renewed signs of strength, with Ethereum (ETH) reclaiming the $3,900 mark for the first time since late 2024. Riding this wave of momentum, several altcoins are beginning to show bullish breakouts — and one of the notable gainers is Virtuals Protocol (VIRTUAL).
Today, VIRTUAL is up 9%, and the technicals are aligning for potentially more upside.
Harmonic Pattern Hints at Bullish Continuation
The chart shows a Bearish Cypher harmonic pattern in development — typically a bullish setup when the CD leg begins to accelerate, as we see now.
The pattern initiates at point X around $2.59, dips to point A, rebounds to point B, and then corrects down to point C, which was recently tagged around $1.12. From there, VIRTUAL has bounced back sharply and is now hovering near $1.34, testing the 200-day moving average at $1.3424 — a key resistance zone.
According to harmonic trading principles, the CD leg could potentially drive VIRTUAL into the Potential Reversal Zone (PRZ) between $2.2759 and $2.5876, which corresponds to the 0.786 to 1.0 Fibonacci extension levels. If this move plays out, it represents a potential gain of over 92% from current prices.
What’s Next for VIRTUAL?
For this bullish outlook to remain intact, VIRTUAL must break and sustain above the 200-day moving average with solid volume. A successful breakout could open the path to an extended rally toward the PRZ zone near $2.58.
However, caution is warranted. If price fails to hold above point C ($1.13), the structure could begin to break down, invalidating the current bullish setup and potentially leading to a deeper retracement.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always perform your own research before making 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.
