Virtuals Protocol [$VIRTUAL] joined the day’s top gainers on the 5th of October, surging 11% at its peak. The market appeared to favor the bulls’ directional conviction.
Still, falling protocol activity raised concerns about whether the asset could sustain this run. Traders were backing the rally, while fewer users were engaging with the protocol.
Are $VIRTUAL’s perpetual traders backing the rally?
The bullish setup drew support from different segments, including the perpetual Futures market.
