Verge Price Analysis: Verge (XVG) Failed to Amaze the Market Yesterday; Grew by Just 0.53%

Even with two significant hikes over the last 24 hours, the coin could not show any significant gain for the day. It is up by just 0.53% from yesterday’s price. However, this growth should not be underrated as most of the coins faced resistance yesterday. XVG coin has experts’ expectation of touching 0.01 USD before the end of this year. Let us analyze the current details of the Verge coin now.

Current Statistics of Verge-

Verge Price Prediction
Verge Price Chart by TradingView
Verge (XVG) 7th August 03:07 UTC
Rank 75th
ROI (Return on Investment) > 9000%
Coin Circulation 15,865,536,679 XVG
Market Cap 87,111,244 USD
Value in USD 0.00545395 USD
Value in BTC 0.00000047 BTC
24h Volume 1,782,537 USD

XVG to USD Price Comparison-

Verge opened yesterday with a value of around 0.0056 USD. And within two and a half hours, it was down by 5.72% and reached 0.005329 USD. However, this deduction did not last long, and the coin again got up and reached 0.005654 USD by 05:53 UTC. The next few hours did show some volatile movements. But the biggest gain of the day was made between 11:47 UTC and 19:13 UTC. This gain of 8.89% took the coin to 0.005758 USD, and this makes the highest point of the coin for the day. But a dip in the Verge price created a pyramidal growth pattern. The coin was down by 8.03%, and it was being traded near 0.005296 USD by 22:44 UTC.

XVG Price Prediction-

Though the coin has few obstacles on its way, it has a high potential to overcome it. As per past data and analysis, the coin may go as high as 0.01 USD by the end of the year. The details of all the probable resistance and support levels are given below.

Verge (XVG)
1st Resistance 0.005665667 USD
2nd Resistance 0.005855333 USD
3rd Resistance 0.006020667 USD
1st Support Level 0.005310667 USD
2nd Support Level 0.005145333 USD
3rd Support Level 0.004955667 USD

Conclusion-

Verge may find its shelter at the next resistance level of 0.0056 USD. Beyond 0.0060 USD, it may find it smoother to grow.

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on the world's leading digital currencies.

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