The high virtual price of the virtual price is 24 %, but negative emotions are looming on the horizon

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The Protocol Protocol Protocol Protocol 53 % decreased in February.
The virtual encryption price in a declining direction on the artistic chart.

The virtual protocol encryption price was corrected around 53 % in the current month. He has returned to the previous support level of $ 0.900. However, in the past two days, it has increased by approximately 40 %, indicating the presence of Bulls at a lower level.

The virtual encryption in a declining direction and appears to be exaggerated, so the assembly temporarily retreat towards EMA for 200 days as possible. However, EMA for 50 days is far from the current price, so the possibility of reflection of the direction is still low.

However, it is too early to call it ascending because Emas for 200 days and 50 days on the upper side operates as a resistance. The next directional step will be visible when buyers support the price to break the EMA level for 200 days.

according to Coinmarketcap Data, currently, the price of a virtual protocol protocol is traded at $ 1.287 with a 24 % increase during the day. Trading over 24 hours is $ 198.97 million, and the maximum market is $ 827.9 million.

Will the default price stop at the EMA level for 200 days?

source: Tradingvief

The price of the virtual protocol is in the correction stage and is trading near the lower range. In the previous session, buyers defended the level of $ 0.9294 and bounced from there. It indicates that buyers are still active and prepare for gathering. Until the virtual encryption price exceeds more than $ 0.900, the short -term recovery is possible, which may reach $ 1.4.

The MACD curve is reflected above and generates positive crossings. The RSI curve in the virtual protocol is 43.02, which descends up, indicating that buyers return.

Moreover, according to the technical summary of the trading offer, out of 25 indicators 8 on the sale side, 10 on the neutral side and 7 on the purchase side, indicating neutrality. The short -term gathering may be possible, but moving forward in the apparent Crypto should break the EMA obstacle for 200 days.

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