Is $VIRTUAL setting up for a genuine bounce or just another bear trap?

The numbers tell an interesting story: up 2.6% over the last 24 hours, yet down 20.8% over the past month. The AI narrative is back in play—Nvidia's $20B deal reignited some sector enthusiasm, and you can see it reflected in the chart. Technically speaking, oversold conditions are screaming from the RSI, and the MACD is flashing bullish signals. The $0.70 level held strong as support, which is encouraging if you're watching for a reversal.

But here's the reality check: the overall trend remains bearish, and resistance above is heavy. The OpenMind partnership adds some credibility to the long-term story, giving holders something to believe in beyond just short-term price action.

For traders, this looks like a classic oversold bounce scenario in an AI-related token. The question isn't whether the bounce is real—it is. The question is whether it has legs or if sellers return at the next resistance level.