Price Analysis

Verge (XVG) Exhibits Slight Drop Over the Last 24 Hours

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Currently, many coins are dealing at their quarterly low, including Bitcoin, Ethereum, etc. Well, Verge has managed to restrain itself from marking an extreme low. The current scenario in XVG coin isn’t impressive, but still, the coin is reflecting great potential.

Yesterday, Verge price was spotted, marking a high at $0.004095 and a low at $0.003521. Yesterday’s low is also considered as 7-day low, which is speculated to improve soon.

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Verge Price Analysis

Yesterday, the XVG coin started dealing at $0.004044. During the first few hours, the coin remained at the same level. The price dropped to $0.003839. Later, the price escalated to $0.004068 from $0.003839 by 5.98%. The coin immediately fell to $0.003589 by 11.85%. Verge price dropped in the later hours and touched $0.003460. During the closing hours, the price escalated to $0.003780 from $0.003545 by 6.63%. The intraday fall in the XVG price reflected an overall regression of 6.53%. Today, the price dropped to $0.003583 by 4.42%. Later, the coin escalated to $0.0037763 by 5.37%. Recently, the Verge price dropped to $0.0036 from $0.00376 by 4.42%.

Verge Price
XVG Price Chart By TradingView

Verge cryptocurrency has reflected a great hold over the market in the past. The current market condition isn’t great; hence, the coin couldn’t perform well. The intraday trading seems low for the traders as the coin is moving towards the price recovery, and it might be trading around its immediate resistance of $0.0040 soon. However, as per the current trend, there is a possibility that Verge price might drop to the next support level at $0.0034.

The traders interested in XVG coin are recommended to stay put for a while as it wouldn’t the right time to enter. The unpredictable market condition can give negative returns too.

Resistance Level Price Support Level Price
R1 $0.004052 S1 $0.003478
R2 $0.004361 S2 $0.003213
R3 $0.004626 S3 $0.002904

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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