Date: Wed, June 11, 2025 | 06:40 PM GMT
The cryptocurrency market has continued its impressive performance this quarter, with Ethereum (ETH) leading the charge. After climbing over 54% in Q2, ETH is now trading near $2,800, having recently touched a high not seen since February. This bullish momentum is fueling bullishness across major altcoins — including Virtuals Protocol (VIRTUAL).
VIRTUAL has seen an outstanding 269% surge over the last 60 days. Now, a closer look at a potential fractal setup suggests a major breakout could be just around the corner.
Source: Coinmarketcap
VIRTUAL Fractal Hints at Upcoming Move
The daily chart comparison between SPX6900 (SPX) and VIRTUAL shows an almost identical structure. In early May, SPX broke out of a downtrend resistance following a rounded accumulation structure and then rallying near 125% to retest its all-time high at $1.80.
Now, Virtuals Protocol appears to be following that same footprint.
It is currently consolidating just below its own descending resistance line — the same technical position SPX was in right before its explosive breakout. If the fractal holds, VIRTUAL could be preparing for a breakout, with a potential upside move toward the $5.10 zone — representing a 125% gain from current levels around $2.23.
What to Watch Next?
The key level to monitor is the descending trendline currently acting as resistance, just above $2.35. A confirmed breakout above this level, accompanied by strong volume, would likely mark the start of an expansion move.
If that happens, the next target aligns closely with VIRTUAL’s previous all-time high at $5.12 — the same way SPX reached its former peak after fractal confirmation.
However, failure to break out may result in further consolidation, and short-term pullbacks toward the $1.90–$2.00 support zone cannot be ruled out.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
