Virtuals Protocol sinks below $2 – New lows incoming? – BitRss

• VIRTUAL bulls failed to defend $2.4 and faced rejection during an attempted reclamation.
• The short-term spot demand was encouraging but might be insufficient to turn the bearish tides

Virtuals Protocol [VIRTUAL] saw a 37.2% rally on Friday the 31st of January. This move was quickly undone, as Bitcoin [BTC ($95,568.31)] reversed from $106k and was trading at $99.4k at press time.

The high inflows of VIRTUAL into exchanges noted recently was a sign of a sell-off. The $2.5 resistance zone wasn’t overcome, and the short liquidations above this resistance zone were swept, paving the way for new lows.

Is VIRTUAL about to turn a corner?