VIRTUAL crypto is one of several assets that suffered from Bitcoin’s sell-off following Israel’s attack on Iran this morning. The token was actually on a positive uptrend before falling over 10% in the past few hours.

After a strong recovery rally through April and May, VIRTUAL appears to be entering a consolidation phase around the $1.85 support level. The token is currently trading at $1.81, down 4% on the day, after a bounce back, as broader crypto market sentiment remains shaky following geopolitical tensions.

While the crypto market reacted sharply to Israel’s latest strike, some analysts believe the drop may be short-lived. Bitcoin entrepreneur Anthony Pompliano noted that although traditional safe-haven assets like gold and oil have spiked, Bitcoin has a history of bouncing back quickly after geopolitical shocks.

EXPLORE: Why is Crypto Crashing Today? Israel Attacks Iran And Triggers Market Sell-Off

VIRTUAL Crypto Price Is Trying To Hold Support Amid Global War Tension

Why is virtual down today? AI agents are still a hot topic in crypto but the attack by Israel against Iran spooked the markets.

(VURTUALUSDT)

The chart shows VIRTUAL struggling to break above the $2.20–$2.30 resistance zone, which has rejected multiple attempts in recent weeks. On the downside, the $1.85 level is proving to be an important floor. If this level fails to hold, traders could see a decline toward the next support band between $1.36 and $1.23, the latter also aligning with the 100-day simple moving average (SMA), a key technical indicator.

Despite the recent pullback, VIRTUAL remains above its 100-day SMA, indicating that the medium-term trend is still leaning bullish. A strong rebound from the current zone and a breakout above $2.29 could open the door for a move back toward $2.92, the local high from January.

DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy This Year

Solaxy (SOLX) Presale Closes June 16 – Launch Incoming for Solana’s First Layer-2

Solaxy will help Solana congestion once the market takes off again

Even as global tensions escalate and Bitcoin sinks to $104,000, some projects are proving immune to the broader market panic. Solaxy (SOLX), the emerging Solana Layer-2, has raised over $1.5 million in the last 24 hours alone, pushing its presale total past $49 million.

This surge in interest highlights how, despite bearish macroeconomic conditions, investors are still backing high-conviction projects with strong fundamentals. Solaxy’s appeal lies in its real utility: a fully audited Layer-2 designed to ease Solana’s congestion and power Web3 apps. With just days left before the presale closes, Solaxy is showing that quality and innovation still drive investor interest, even in a down market.

Solaxy, a new Layer-2 built on Solana, is wrapping up its SOLX token presale on Monday, June 16 at 2pm UTC. Solaxy is one of the most anticipated launches of 2025. The token will begin trading shortly after, with centralized exchange listings confirmed.

Solaxy’s Layer-2 aims to solve Solana’s congestion and high failure rates by offering faster transactions and lower gas fees—perfect for meme coin traders and dApp builders. Analysts expect it to capture a major share of Solana’s transaction volume soon after launch.

A $62M token burn and presale demand have fueled bullish momentum, with analysts predicting a potential 10x surge post-launch. Investors can still buy SOLX with SOL, ETH, USDT, or cards before the presale ends. Solaxy’s audited testnet is already live, adding credibility to its upcoming launch.

With a real Layer-2 and strong token utility, Solaxy could be the breakout Solana project of the year.

Visit SOLX Here

DISCOVER: Best Meme Coin ICOs to Invest in 2025

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Key Takeaways

  • Geopolitical tensions trigger drop. VIRTUAL crypto fell over 18% after Israel’s military strike on Iran triggered a broader Bitcoin-led market sell-off.
  • Key support and resistance levels in play. The token is consolidating around the $1.85 support. A break below may lead to $1.36–$1.23; upside resistance lies at $2.30
  • Medium-Term trend still bullish. Despite the drop, VIRTUAL remains above its 100-day SMA, suggesting the broader uptrend may still be intact.
  • Selective investor confidence persists. Even as Bitcoin sinks to $104K, Solaxy raised $1.5M in 24 hours—showing investor appetite for utility-driven projects remains strong.

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Fatima
Fatima
Crypto Journalist

Fatima is a rising crypto journalist with a sharp eye for hidden gems and technical analysis. When she's not charting the next big breakout or diving into onchain data, a firm believer that alpha is where you least expect it,... Read More

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