Price Analysis

Verge (XVG) Outshines Amidst the Market Pressure

The market is currently under huge pressure. The last few days have been quite volatile. The traders are eagerly waiting for a recovery. The coins are also struggling to keep up, but some of them are seen drowning while others are battling hard.

Verge falls in the latter category as the coin is seen recovering. The immediate resistance level is already breached, and we are hopeful that the next resistance level might also get violated.

Verge Price Prediction:

Yesterday, XVG coin started dealing at $0.003547. The price jumped to $0.003848 by a massive 8.50% hike. Later, the coin fell to $0.003604 by 6.34% drop. Verge price escalated to $0.003898 from $0.003605 by 8.14%. XVG price slipped to $0.0035 by 10.22%.

The coin recovered at the end and closed at $0.0037043 by 5.83%. The intraday movement reflected an overall uptrend of 4.42%. Today, Verge started the day with hike of 3.90%. The counters changed from $0.003704 to $0.003848. The coin fell to $0.003630 by 5.68%. Verge price escalated to $0.003838 by 5.75%.

XVG Price Chart
Verge Chart by TradingView

Verge is a volatile coin. The currency is currently recovering. The coin has violated the immediate resistance level at $0.00386 by 5.75%. The coin can trade towards the next resistance level at $0.003939. The traders can expect a profitable closing with XVG coin.

The traders interested in the coin are recommended for short-term investment. However, the current situation of the market is not the best time to dig-in cryptocurrencies. Once the market attains stability, Verge is anticipated to give the flourishing 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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