Why VIRTUAL Still Looks Weak After a 65% Drop

[Chawla Solutions]

VIRTUAL has now lost roughly 65% of its value over the past few months, and while that sounds dramatic, it’s important to place it in context. This kind of decline is not unusual in the current altcoin environment, where many projects have been grinding lower alongside shrinking liquidity and fading risk appetite. What makes VIRTUAL stand out, however, is not just the size of the drop, but the lack of any meaningful buying response so far.

From a market structure perspective, the trend remains clearly bearish. Price continues to make lower highs and lower lows, and recent bounces have been shallow and quickly sold into. This suggests that market participants are not yet convinced that value has been reached. More importantly, there are still no clear signs of accumulation. Volume remains muted, and there is no evidence of strong demand stepping in to absorb supply.

Technically, VIRTUAL is now approaching a zone that sits roughly 30% below current levels, aligning with the April low. This area is significant because it represents the last point where buyers previously showed interest. In weak markets, price often revisits such levels before a more sustainable base can form. Until that happens, downside risk remains the dominant scenario.

For holders, patience is critical. Averaging into weakness can make sense, but only after a new low is established and selling pressure starts to exhaust itself. Averaging too early, while momentum is still pointing down, often leads to unnecessary drawdowns.

In short, VIRTUAL may eventually present an opportunity, but for now, the chart suggests that caution is still the smartest position.