Virtuals Protocol - From Fundamental to technical analysis

VIRTUALUSDT VIRTUALUSDT.P VIRTUALUSDT
Hello Monstralians,

This is my full analysis of VIRTUALUSDT :

Fundamental analysis:
- Very strong project with many applications
- 100% of coins available for trading
- Limited max supply
- Growing community : users - developpers - investors

The market cap went from $90M to $3.3B. The buying orders continues as the investors believe in the strong future of this project. We can notice that despite the recent crypto market decrease, the price still holding. This means the buying orders still in (this should be crossed with TA in the following part).

Technical analysis :
The coin went from $0.05 to $3.6 in 8 months. But the coin have experienced a first decrease of -85% during the cypto market correction between [May- Oct]. This distribution is very important to keep in mind as it can characterize the coin behaviour during next bear markets.
The coin is following a pattern of [ pump - accumulation - pump ] breaking each time the previous highs.
But recently we can see that the dumps are more strong which means a certain exhaustion of the price.

Expectations :
I expect the coin to retest the price range of [2.7-3.0] dollars to take a good momentum for higher targets. This will be a good opportunity for short term traders to take some of good profits (15-20%) from new investors entering the market.
For investment, I don't see it's the right time to buy. The reward can be big but for me the risk is very high (not suitable with my investing strategy).

Happy trading !