Price Analysis

Verge Reverses Yesterday’s Uptrend; Floats Around $0.0038

  • Verge (XVG) exhibits downtrend during the intraday price movement.
  • The price of the coin is likely to remain the same for the rest of the day.

Verge price is currently battling with the bear attack. Intraday trading is speculated to remain dull. The coin was spotted improving from the beginning of the month. The price noted on November 01, 2019 was $0.0037 and yesterday it was seen touching a high at $0.0039. However, today, Verge is dealing at $0.0038.

Let’s have a look at the intraday movement of Verge to understand the movement more precisely.

XVG to USD Price Chart:

XVG Forecast
XVG Chart By TradingView

Yesterday, Verge started dealing at $0.00400. The price went through a pullback and fell from $0.0041 to $0.0038 by 5.04%. Further, the coin escalated from $0.0039 to $0.0041 by 6.08%. The coin couldn’t stay at the level for a long time and dropped to $0.0039 from $0.0041 by 5.33%.

Towards the closing hours of the day, Verge again climbed up from $0.00389 to $0.0041 by 5.35%. The coin closed at $0.00041 by 2.68% intraday profit. However, today, the coin is marking a downfall. The coin slipped from $0.0041 to $0.00389 and later from $0.0040 to $0.00385.

XVG Price Prediction:

Verge is not likely to improve in the intraday chart. The currency has already breached the immediate support level at $0.00395 and the next support level at $0.00385. The currency is rapidly moving towards the major support level at $0.00378. If the momentum doesn’t improve, the coin would violate the major support levels too. Here is the chart for the resistance and support level.

Resistance LevelPrice
R1$ 0.004129
R2$ 0.004199
R3$0.004303
Support LevelPrice
S1$ 0.003955
S2$ 0.003851
S3$ 0.003781

Verge is ideally recommended for short term investors, but looking at the recent market situation we would suggest the interested traders to stay put. It would save the traders from the risk of the fluctuating market.

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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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