Price Analysis

Verge Price Analysis: Verge Gains by a Small Margin; It May Take More Time to Bounce Back

Verge has added almost 9% to its price over the last 24 hours. It has shown five major price swings in this period. The medium-term outlook of the Verge is bullish, and the coin is likely to be around 0.01 USD by the end of 2019. Here is an analysis of the Verge’s price movement in the last 24 hours, and this analysis is aimed mainly at short-term investors. Let us look at the current details of Verge first.

XVG Price Statistics-

  • The ROI (Return on Investment) of Verge stands at more than 9000%.
  • The total coins in circulation stood at 15,828,433,699 XVG.
  • The Market Cap of Verge on 17th July at 03:15 UTC stands at 88,702,914 USD.
  • XVG price stands at 0.00575749 USD and 0.00000058 BTC.
  • 24-hour volume rests at 1,062,927 USD.

XVG to USD Price Comparison-

Verge price chart - july 18
XVG chart

Verge faced its first fall in the last one day between 00:36 UTC and 02:45 UTC. This fall of 5.27% cost the coin 0.0002 USD. It was followed by a hike of 5.85% over the next 5 hours and 1 minute from 02:45 UTC. This hike added 0.0003 USD to Verge. Again a steep fall was noticed after that. This fall was of 6.47% and cost the coin 0.0003 USD. However, a huge gain was made by Verge coin between 11:48 UTC and 17:07 UTC. This gain was of 15.77%, and the coin added 0.0008 USD to the value of XVG. The final shift was a fall of 5.95%. This fall happened between 17:07 UTC and 00:44 UTC. It cost the coin 0.0003 USD. These are the five huge price swing of Verge over the last 24 hours. All of these swings are in the range of 5% and 15%.

Verge Price Prediction-

XVG has a bullish medium-term outlook. The coin is likely to be around 0.01 USD by the end of 2019. The next resistance points are 0.005957 USD, 0.006231 USD, and 0.006625 USD. The support levels are 0.005289 USD, 0.004895 USD, and 0.004621 USD.

Conclusion-

Verge’s short-term future may not see any significant movement, but in the long-term, the coin will have a bullish turnaround. Investors should aim at gaining big by holding for a long-term.

Tags

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.
Back to top button
Close