TL;DR:
- The VIRTUAL holder base increased by 10,000 wallets since April 13, reaching a total of 1.06 million addresses.
- The Money Flow Index (MFI) stands at 78 points, indicating an aggressive accumulation phase near the overbought zone.
- Long-term bullish sentiment among investors has grown by 2.25% since last May 2.
During the final days of May, the VIRTUAL ecosystem rallied 11% in its valuation. This movement responds to a sustained increase in trading activity and greater user participation within the network.
Expansion of User Base and On-chain Metrics
The fuel driving the rally is the increase in the number of holders. Network records reflect that, since April 13, the number of wallets holding the asset increased to exceed 1.06 million units.
This expansion suggests structural accumulation. On-chain data reveals that new participants appear to be positioning themselves for long-term goals rather than seeking immediate short-term speculation.
Market sentiment also took a favorable turn toward buying positions. Since May 2, the proportion of investors with a bullish outlook recorded an advance of 2.25%. This metric reinforces confidence in the upward trajectory that the asset has maintained over the last week.
Technical Structure and Price Targets
Technically, VIRTUAL slipped out of a consolidation range that previously limited its price action. This breakout is defined by an ascending support trendline and a horizontal resistance that, once overcome, usually precedes extended directional movements.
The current structure suggests a continuation of the trend. According to technical projections based on the breakout, the price targets the psychological level of $1. Data suggests that if momentum is maintained, the next Fibonacci extension could place the asset near $1.19.
A sustained move above the blue resistance box would imply an approximate 16% rise toward the $1 mark. The current trend seems to indicate that there is an increase potential of up to 40% if the price seeks the previous highs of $1.19 recorded earlier in 2025.
Capital Flow and Bullish Dominance
The described bullish scenario is validated by momentum indicators. The Bull Bear Power (BBP) indicator, which measures the balance of power between buyers and sellers, reached its highest point in eight days. This data reflects a growing dominance by demand in the spot market.
On the other hand, the Money Flow Index (MFI) confirms a positive capital rotation toward the protocol. Standing at 78, the indicator highlights that the money inflow remains high, despite approaching technical saturation levels.
Market documentation indicates that demand remains at high levels. As long as the capital rotation toward VIRTUAL shows no signs of exhaustion, the path toward dollar parity remains the most likely scenario according to the current behavior of the flows.
