Virtuals Protocol (VIRTUAL) is currently priced at $0.90588, reflecting a 24-hour decline of 2.87%. The trading range over the past day has been relatively tight, with a high of $0.945794 and a low of $0.890103, indicating limited volatility in the short term.

The trading volume stands at 114,700,827, which represents 19.30% of the market cap, suggesting a healthy level of trading activity. However, the short-term moving averages (8, 13, 21, and 55 SMA) are all in decline, with the 144 SMA showing a significant drop of 4.32%, indicating bearish momentum in the market.

Momentum indicators further support the bearish outlook; the 1-hour RSI is at 37, signaling potential oversold conditions, while the 7-day RSI sits at 42, indicating weakness in the short-term trend. Additionally, the price changes over various periods reveal a persistent downtrend, with declines of approximately 18.78% over the last week and 32.36% over the past 14 days.

The all-time high for VIRTUAL was recorded at $5.07 on January 2, 2025, suggesting a significant drop from current levels. The steep price reductions in the last month (31.32%) and over longer timeframes underscore the challenges the asset is facing in regaining upward momentum.

Based on the technical indicators, consistent downtrends, and weak momentum signals, the recommendation for Virtuals Protocol (VIRTUAL) is to Hold. While the asset is currently in a bearish phase, any upward movement in volume or a reversal in RSI could signal a potential buying opportunity in the future.