Price Analysis

Verge Price Undergoes Heavy Plunge During the Bearish Trend

Verge (XVG) is moving down with tremendous speed. The coin was expected to close the third quarter with a profitable counter, but it turned out to be a contradictory situation. During the middle of the month, there was slight upsurge observed in the coin, which was later faded by the market crash.

Well, the last day of the ongoing quarter is likely to end around $0.0031. Yesterday, the coin was dealing at $0.003296 high and at $0.003091 USD low and the volume marked is at $2,290,255 USD.

XVG/ USD Price Chart:

The data feed is taken from Trading View on September 30, 2019, at 09:54:33 UTC for price analysis.

Verge Price Chart
Verge Chart By TradingView

Yesterday, Verge started dealing t $0.0032; the coin started falling and the first fall was of 5.70%. Later, the price touched $0.0030 from $0.0032 again and this time the fall was of 6.87%. There was a recovery towards the day end, which took Verge to $0.0032 from $0.0030 by 6.28%. The intraday loss in XVG was marked as $2.04% as it closed at $0.0031. Today, there were two visible losses on the price chart. The first fall was of 7.26%, which took the price from $0.0031 to $0.0029. Further, the price counter switched from $0.0031 to $0.0029 by 5.69%. There was a recovery of 6.4%, which again brought the price to $0.0031.

Verge has proved its potential in the crypto market many times. In recent time, the Verge is experiencing heavy loss. The same would be lifted soon and traders would be dealing with a profitable digit by the year-end.

We would recommend a short-term investment plan for Verge as it would give the trader the desired result.

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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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