Price Analysis

Verge (XVG) Pushes Its Limit for the Second Day; Gains 10.16% Overnight

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  • Verge seems to have continued its effort to get out of the sluggish movement of the past few weeks
  • It may have to wait for some more days before recovering completely; however, it has averted the selling pressure up to a great extent

Verge has continued its effort of recovery, and its consistency for the second day has pushed it to gain 10.16% over the last 24 hours. It has been through three major price variations in the range of 0.0036 USD and 0.0040 USD.

XVG Price Prediction

Verge was being traded at 0.003632 USD at the opening of the day, and over the initial 5 and a half hours, it gained 5.47% to be placed at 0.0038310 USD. It was followed by another hike in the price of XVG coin by 9.12% between 08:12 UTC & 12:02 UTC, and in these 3 hours and 50 minutes, the coin could touch 0.003973 USD. The last variation was another addition of 9.27% between 14:35 UTC and 01:02 UTC today. In these 10 hours and 27 minutes, Verge price pushed its limit from 0.003750 USD to 0.004097 USD.

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Verge
XVG Chart By TradingView

However, the market cap could not replicate the trend of value against USD. It was at 65.021 million USD on November 26, and it has now decreased to 64.692 million USD today.

Verge’s 200 days MA now stands at 0.00401244 USD, and it’s 50 days average is 0.00402127 USD. Both the averages are above the current price of XVG coin. It shows that the currency has a lot to do for catching up these averages and lead a stable and sustainable growth. As per the current trend, the next halt is likely to come at 0.004221 USD as a resistance.

Verge (XVG) Resistance and Support Levels
1st Resistance $0.004221
2nd Resistance $0.004397
3rd Resistance $0.004683
1st Support $0.003759
2nd Support $0.003473
3rd Support $0.003297

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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