Verge Price Analysis: Verge (XVG) Loses Significantly Since Yesterday

  • Verge has lost 7% against USD in the last 24 hours.
  • Verge has a bullish target for 2019 at 0.01 USD.

At times many altcoins have been positively impacted by the price trend of Bitcoin, Verge seems to have been taking much time to catch up with its peers. Over the last 24 hours, Verge has lost a whopping 7%, and the four substantial price swings were instrumental to it. The coin is still predicted to bring about a bullish turnaround by 2019’s end and reach 0.01 USD.

XVG Price Statistics-

Verge Price Prediction
Verge Price Chart by TradingView
Verge (XVG) 6th August 03:48 UTC
Rank 74th
ROI (Return on Investment) > 9000%
Coin Circulation 15,863,753,289 XVG
Market Cap 86,578,627 USD
Value in USD 0.00536889 USD
Value in BTC 0.00000046 BTC
24h Volume 3,777,490 USD

XVG to USD Price Comparison-

Verge was at a moderate price level near 0.0061 USD at the beginning and 01:32 UTC, the coin started falling. Within six and a half hours, the coin was down by 8.30%, and it was being traded near 0.0056 USD. The next two variations created a pyramidal growth with a rise of 5.99% and a fall of 8.08%. These two variations happened by 17:14 UTC starting from 15:12 UTC. By 15:12 UTC, the coin was roaming around 0.0054 USD. The last swing came as a shock to the investors when at 20:59 UTC, Verge started showing weakness. Within five and a half hours, the coin lost a whopping 10.85%, and it made the coin to swing from 0.0059 USD to 0.0055 USD.

XVG Price Prediction-

Verge is one of the few coins to still have its aim at the right place even after initial setbacks. Its bullish medium-term places the coin’s target for 2019 at 0.01 USD. These are the resistance points and support levels of the coin.

Verge (XVG)
1st Resistance 0.005946667 USD
2nd Resistance 0.006264333 USD
3rd Resistance 0.006466667 USD
1st Support Level 0.005426667 USD
2nd Support Level 0.005224333 USD
3rd Support Level 0.004906667 USD

Conclusion-

Verge’s recent loss is an indication for the short-term traders to stay out of it for now. The coin may see some light of growth once it goes beyond 0.0062 USD.

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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