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- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
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📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
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1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Dare to trade. Dare to win. - 📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
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Tari is a Rust-based blockchain protocol centered around digital assets.
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Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
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Post original content on Gate Square related to WXTM or its
Virtuals Protocol (VIRTUAL) To Soar Further? Key Harmonic Pattern Signals Potential Upside Move
Date: Fri, Aug 08, 2025 | 06:04 AM GMT The cryptocurrency market is showing renewed signs of strength, with Ethereum (ETH) reclaiming the $3,900 mark for the first time since late 2024. Riding this wave of momentum, several altcoins are beginning to show bullish breakouts — and one of the notable gainers is Virtuals Protocol (VIRTUAL). Today, $VIRTUAL is up 9%, and the technicals are aligning for potentially more upside.
Source: Coinmarketcap Harmonic Pattern Hints at Bullish Continuation The chart shows a Bearish Cypher harmonic pattern in development — typically a bullish setup when the CD leg begins to accelerate, as we see now. The pattern initiates at point X around $2.59, dips to point A, rebounds to point B, and then corrects down to point C, which was recently tagged around $1.12. From there, VIRTUAL has bounced back sharply and is now hovering near $1.34, testing the 200-day moving average at $1.3424 — a key resistance zone.
VIRTUAL Daily Chart/Coinsprobe (Source: Tradingview) According to harmonic trading principles, the CD leg could potentially drive VIRTUAL into the Potential Reversal Zone (PRZ) between $2.2759 and $2.5876, which corresponds to the 0.786 to 1.0 Fibonacci extension levels. If this move plays out, it represents a potential gain of over 92% from current prices. What’s Next for VIRTUAL? For this bullish outlook to remain intact, VIRTUAL must break and sustain above the 200-day moving average with solid volume. A successful breakout could open the path to an extended rally toward the PRZ zone near $2.58. However, caution is warranted. If price fails to hold above point C ($1.13), the structure could begin to break down, invalidating the current bullish setup and potentially leading to a deeper retracement. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always perform your own research before making investment decisions.