VIRTUAL token of Virtuals Protocol hit its all-time high at $5.25 on January 2, 2025, but subsequently dropped sharply, losing 35% value in a week. It became the worst performer among the top 100 cryptocurrencies, with daily new lows since hitting the peak.

The decrease in demand has driven the price lower. On-chain data from Santiment reveals a significant drop in new addresses for VIRTUAL, having declined by 88% since January 2, 2025.

The decreasing open interest, down by 23% to $146 million, indicates waning confidence and fewer new entrants.

Technical analysis shows the RSI of VIRTUAL approaching below neutral 50, suggesting escalating selling momentum, potentially pushing the price to $1.31. However, a shift to positive market sentiment could trigger a recovery.