Altcoins News
By Julie Binoche
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Smart Money Keeps Buying. New data from blockchain analytics platform Nansen highlights that “smart money” wallets are…
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Spot and Derivatives Markets Remain Bullish. It’s not just smart money that's staying bullish. Retail traders and institutional participants…
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Technical Chart Suggests a Bounce Is Near. VIRTUAL’s price action on the daily chart also supports the case for a potential rebound.
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What to Watch Next. VIRTUAL's 13% pullback may look like a cause for concern at first glance, but the underlying data…
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After a major 237% surge last month, VIRTUAL—one of the hottest AI-based cryptocurrencies—has entered a cooling-off phase, slipping 13% over the past week and 2.3% in the past day.
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New data from blockchain analytics platform Nansen highlights that “smart money” wallets are steadily accumulating VIRTUAL, even as the broader market takes a breather.
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At the moment, 112 of these top-performing wallets hold a combined $15.92 million worth of VIRTUAL.
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This level of accumulation suggests that major players are preparing for another leg up and are treating the current dip as a buying opportunity.
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It’s not just smart money that's staying bullish. Retail traders and institutional participants are also showing confidence through the spot and derivatives markets.
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In the past 72 hours, the spot market recorded $5.71 million in VIRTUAL purchases. Notably, much of this volume was transferred off exchanges, a common tactic used by long-term…
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At the same time, the derivatives market has seen a rise in long positions. According to data from CoinGlass, the Open Interest Weighted Funding Rate remains positive.
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Together, rising spot accumulation and bullish derivatives data paint a strong picture of continued investor confidence.
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VIRTUAL’s price action on the daily chart also supports the case for a potential rebound. According to the Bollinger Bands indicator, the price is nearing the mid-band level at…
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If the bounce holds, the short-term price target sits around $2.26. For investors looking further ahead, analysts are eyeing a possible move above $5, assuming momentum continues…
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Supporting this outlook is the Accumulation/Distribution (A/D) indicator, which measures the strength of buying or selling pressure.
The Currency Analytics
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