The post VIRTUAL explodes 86%, then stalls Traders, watch THIS closely appeared com. VIRTUAL token rallied 86% within the first week of January, rising from $0. 642 to $1. 198. After this remarkable frenzy of buying, the altcoin saw subdued demand and momentum. At the time of writing, it was trading at $0. 975. A daily session close below the $1 mark would not be a good sign for the bulls in the short term. Back then, a breach of a descending trendline saw a rally that reached $2. 5. Will the current breakout achieve similar results? VIRTUAL bulls’ defense of $1 could dictate the next move The Virtuals Protocol [VIRTUAL] token saw a bullish start to the year, like many other altcoins. CoinMarketCap data showed that the AI sector expanded by over 20% in the first week of the month. VIRUTAL was not the only token whose performance exceeded expectations. The 50% retracement level of the impulse move would be the first test. If $0. 918 is defended from the sellers, more upside and new highs would be highly likely. The MACD and CMF showed upward momentum and strong capital inflows at the time of writing, an encouraging sight for investors. There were two notable spikes in the past two weeks, on the 30th of December and the latest on the 8th of January. The former indicated a potential capitulation as the price sank toward new multi-month lows. The sudden turnaround to start the new year prompted a wave of profit-taking once the momentum began to slow.