Verge Price Analysis: Verge’s (XVG) Big Loss of Yesterday Makes it Tough to Recover Early

Verge lost almost 2.5% over the last 24 hours, and now it is being traded around 0.0055 USD. The four big price swings cost the coin huge, and now it seems it is trading in the downside direction. The XVG coin may find its shelter near the support level. However, the last quarter of 2019 may see some firework, and the coin may surprise the investors by touching 0.01 USD. Here are the current data of the coin.

Current Statistics of Verge-

Verge Price Prediction
Verge Price Chart by Tradingview
  • Verge has a Return on Investment of above 9000%.
  • There are a total of 15,850,833,749 XVG coins in current circulation.
  • The Market Cap of the coin on 30th July at 04:43 UTC stands at 89,745,453 USD.
  • Verge is currently being traded at 0.00556424 USD and 0.00000060 BTC.
  • The 24-hour volume rests at 847,238 USD.

XVG to USD Price Comparison-

Verge was at its peak at 01:59 UTC when it started to tumble and lost 4.09% or 0.0002 USD within 5 hours.  After a few hours of recovery, the coin again took a steep dip of 4.87% between 08:05 UTC and 11:52 UTC. This was followed by a short yet important even of strengthening, which happened over three and a half hours from 11:52 UT, and it made the change by 3.07%. The last and the most defining variation was a fall of 3.70%, which cut almost 0.0002 USD from the value of the coin by 02:54 UTC of today.

Verge Price Prediction & Conclusion-

Verge may be looking for a push towards upside direction; its medium-term is still bullish. Reaching 0.01 USD by the end of this year is no overestimation. Below are the details of the coin’s resistance and support levels.

Verge (XVG)
1st Resistance 0.005803 USD
2nd Resistance 0.005944 USD
3rd Resistance 0.006031 USD
1st Support Level 0.005575 USD
2nd Support Level 0.005488 USD
3rd Support Level 0.005347 USD

Verge is a marathoner, not a sprinter. The coin may give its optimum results by the end of this quarter.

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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