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Price Analysis

Verge Price Analysis: Verge’s Downfall is Likely to Take a Turn Soon

  • Verge may see the end of its current downgrading movement.
  • The target for 2019 should be set at 0.01 USD.

Verge is one of the best performing coins in the whole crypto market with more than 9000% Return on Investment. Though it has a low market cap, it has a good and bright future. Here is an analysis of the Verge’s price movement in the last 24 hours and this analysis is likely to help the short-term investors to reorient their investment strategy. The medium-term outlook of Verge is bullish, and it is likely to touch 0.01 USD by the end of this year. Let us look at the current details of the Verge coin first.

Verge (XVG) Price Statistics-

Verge (XVG)13th July 06:48 UTC
Rank72nd
ROI (Return on Investment)> 9000%
Coin Circulation15,819,302,859 XVG
Market Cap106,414,050 USD
Value in USD0.00673807 USD
Value in BTC0.00000058 BTC
24h Volume1,402,818 USD

XVG to USD Price Comparison-

Verge price chart - july 13
Verge chart

XVG faced its first push between 05:06 UTC and 13:21 UTC. This push made the coin to gain 11.70% or 0.0007 USD. It was followed by a steep fall of 5.65%. This fall happened over 2hours and 41 minutes. However, it again rose by 7.13% and gained over 0.00047 USD in the next 2 hours and 5 minutes. It again fell by 6.84% and lost 0.00048 USD over the next 5 hours and 18 minutes. The final change was a slight shift in the price towards the upper side and it gained 0.0001 USD or 2.08%.

XVG Price Prediction-

The medium-term outlook of XVG is bullish and the new target is likely to be around 0.01 USD by the end of 2019. The coin may close around 0.00685 USD today. The resistance points are 0.007064333 USD, 0.007375667 USD, and 0.007707333 USD. The support levels are 0.006421333 USD, 0.006089667 USD, and 0.005778333 USD.

Conclusion-

Verge is moving in the market with decent stability barring few instances of steep movements. The medium-term outlook is bullish, and it is likely to help the long-term investors to reap maximum profit.

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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.

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