Price Analysis

Verge Price Soars; While Market Remains Irreconcilable

  • The XVG price exhibits an opposite momentum and soars at $0.055

After having a month-long of static movement, Verge price mounts to trade at $0.0055. The price trend of XVG coin is comprised of green candles to a major extent in comparison to red, and that is injecting growth, just when the whole market is ripping off. Bitcoin – the king of cryptocurrencies, is trading with a total bearish sentiment followed by Ethereum, XRP, and Litecoin as well. The market exhibits no signs of having even a decent uptrend any soon. Verge breaks all the previously formed resistance levels and trades with over 35% gain.

Verge Price Analysis

Verge Price
XVG Chart By TradingView

Analyzing the 4-hourly movement over the past 30 days, we see that the coin was trading around $0.0040 price area on October 16, 2019. While it approached the last week of the previous month, XVG price drowned by over 27%, to trade at the 30-day low price $0.00291. This fall remained temporary, and the price rose by 42.26% to mount at $0.00414. Since then Verge price trend has been moving stably around the same price area except for the recent dipping mirage it exhibited before soaring as high as $0.00557 yesterday. This has been a very remarkable move amidst the whole bearish market.

However, the price of XVG coin at the time of writing was $0.00482, which records a plunge of over 13% in no time from ranging at the highest in the said time frame.

Verge trades in a ‘buy phase’ currently as it is well supported by the daily moving averages.

The MACD of the XVG coin is also exhibiting a bullish move with this exceptional trading score on the board.

Presently, the RSI of Verge is at 63.75 having returned from the overbought region at the trading price of $0.00557

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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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