Technical analysis by sahanavv about Symbol VIRTUAL: Buy recommendation (5/1/2025)

The daily chart of VIRTUAL suggests the price has triggered a parabolic recovery and may follow the curve to rise and reach the neckline. After securing the range above the 50-day MA, the price has surged above the 200-day MA, which could further head towards a Golden Cross. On the other hand, the RSI has surged and entered the overbought range for the first time in 2025, validating the bullish claim. Therefore, the VIRTUAL price is believed to maintain a strong ascending trend and rise above the crucial resistance at $1.84 in a short while. Resistance 1: $1.84 Resistance 2: $2.99 However, the price is required to surpass the crucial resistance zone between $3.8 and $3.9, which could push the price above $5 to form a new ATH somewhere around $6.5