Virtual (VIRTUAL) rises 4.53% to $0.713 amid broad short squeeze
- —Price at $0.713, up 4.53% in 24 hours and 20.9% on the week
- —Daily volume of $128.7 million is 78.9% above the 30-day average
- —Trading above the 200-day SMA of $0.658 with RSI at 59.6
- —Market cap $470.5 million, down 85.9% from the $5.05 all-time high
Why it matters: The rally is driven by forced short covering rather than fundamentals, leaving room for a pullback once the mechanical pressure fades.
Source: DiarioBitcoin