Virtual: These levels suggest a potential reversal in the future.
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According to a report by Bijie Network: Against the backdrop of an overall downturn in the cryptocurrency market, the VIRTUAL token of Virtual Protocol dropped by 11%, reaching a key demand zone near $0.6240. Technical indicators, including the oversold Stochastic RSI and an MVRV Z-score of 0.321 (indicating undervaluation), show that selling pressure is weakening. On-chain data reveals a significant decline in the number of withdrawal addresses, and the 90-day dormant circulation has also dropped to 25,000, suggesting that long-term holders may be accumulating, reducing seller risk and thereby boosting the prospects for a short-term price rebound.
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