Virtuals Protocol (VIRTUAL) has experienced a 15% decline in the past 24 hours after soaring by an impressive 200% in the last month. This drop occurred as the token encountered a crucial resistance level at approximately $1.53, with trend indicators indicating a decrease in momentum.

Simultaneously, Smart Money wallets have seen a 14.4% increase in their VIRTUAL holdings in the past week, maintaining a steady position since May 2. This suggests a belief in the token's long-term prospects. VIRTUAL is currently at a critical juncture both technically and psychologically, with traders monitoring closely to see if it can push above $2 or retreat to the support level at $1.19.

Even with the recent dip, Smart Money wallets have continued to hold onto their VIRTUAL tokens, signaling potential confidence in the continuation of an upward trend or a strategic pause before making further moves. The recent slight decline in VIRTUAL's BBTrend from 31.91 to 6.76 signifies a weakening in momentum, although it remains positive overall. Traders will need to observe whether the BBTrend continues to decrease or stabilizes to gauge the token's future trajectory.

VIRTUAL is currently near a crucial resistance level at $1.53, with a potential retest of $1.89 on the horizon if buying interest picks up. However, a failure to surpass $1.53 could result in a pullback towards the $1.19 support level, especially considering the recent weakening trend strength.