VIRTUAL/USDT – Descending Triangle at Major Demand Zone!Virtuals Protocol / USDTMEXC:VIRTUALUSDTCryptoNuclearVIRTUAL/USDT on the 12-hour timeframe is currently in a bearish consolidation phase after a strong decline from its previous peak. Price continues to form lower highs and is now approaching a major demand zone, highlighted by the yellow box between 0.702 – 0.640 USDT. This area acts as a critical decision zone for the next market direction. --- Pattern Explanation The price structure clearly forms a Descending Triangle pattern: A descending upper trendline indicating consistent selling pressure A relatively flat lower support line around the demand zone, showing buyer defense Descending Triangle is typically a bearish continuation pattern, however, since it is forming directly above a strong demand zone, a technical rebound or reversal remains possible. --- Key Levels Support (Demand Zone): 0.702 – 0.640 USDT (major demand area) A clean break below 0.640 would confirm bearish continuation Resistance Levels: 0.818 0.985 1.145 1.500 1.825 – 1.900 (major supply & previous high) --- Bullish Scenario Price holds above the 0.640 – 0.702 demand zone A confirmed breakout above the descending trendline Ideal confirmation: 12H candle close above trendline with rising volume Bullish targets (step by step): 1. 0.818 2. 0.985 3. 1.145 4. 1.500 (if strong momentum follows) This scenario reflects a potential reversal from demand, leading to a solid relief rally. --- Bearish Scenario Price breaks and closes below 0.640 Descending Triangle confirms as bearish continuation Buyers fail to defend the demand zone Bearish continuation targets: 0.580 0.520 Deeper downside possible if selling pressure accelerates --- Conclusion VIRTUAL/USDT is currently trading at a key decision area. The 0.702 – 0.640 USDT demand zone will determine the next major move: Hold + breakout above trendline → bullish reversal potential Breakdown below 0.640 → bearish continuation confirmed Patience is required, as this zone offers high risk–high reward opportunities depending on confirmation. --- #VIRTUALUSDT #CryptoAnalysis #Altcoin #TechnicalAnalysis #PriceAction #DescendingTriangle #ChartPattern #SupportAndResistance #DemandZone #CryptoTrading