Verge Price Analysis: Verge (XVG) Is Again Down By 2.28% After A Day Of Minimal Growth

After last day’s semblance of growth, Verge is now down by 2.28% as far as the price trend of the previous 24 hours is concerned. XVG coin has been on the radar by many investors as it grew well over the last month. But the current trend seems not to be going in favor of investors. However, the bullish medium-term outlook places the coin’s probable price for the year’s end at 0.01 USD.

Current Statistics of Verge-

  • Verge, with more than 9000% ROI, is currently ranked at 74th Position in the market.
  • A total of 15,867,335,399 XVG coins are in the current supply.
  • The Market Cap of the Verge is 85,549,668 USD.
  • XVG price stands at 0.00537794 USD and 0.00000045 BTC.
  • The 24-hour volume is 1,257,829 USD.

XVG to USD Price Comparison-

Verge Price Prediction
Verge Price Chart by TradingView

Verge was being traded near 0.0053 USD at the starting of the yesterday. And this value is considered as one of the lowest of the week. However, the coin managed to show strength over the next 8 hours and took its value against 0.0053600 USD to 0.00578218 USD by 08:26 UTC. However, nothing was longstanding for Verge yesterday. Soon the coin fell by 5.45% to reach 0.005469 USD. However, the worst was yet to hit. The coin, between 13:12 UTC and 16:45 UTC, lost 7.89% and this dip took the coin to 0.005302 USD, which is the lowest point of the day. After this, the Verge price recovered by almost 6.5% and closed for the day near 0.0055 USD mark.

Verge Price Prediction-

Verge may not have given its optimum performance, but it is likely to show a growing trend by the end of 2019. The target price for the year might trade up to 0.01 USD.

Verge (XVG)
1st Resistance 0.005673333 USD
2nd Resistance 0.005858667 USD
3rd Resistance 0.006010333 USD
1st Support Level 0.005336333 USD
2nd Support Level 0.005184667 USD
3rd Support Level 0.004999333 USD

Conclusion-

Verge is likely to target its next resistance level of 0.0056 USD next, and in the long-term, an exceptional price rally may be waiting for the XVG coin.

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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