- Verge coin may soon find support level at $0.0038
- The XVG coin has pulled back heavily after a price rise above $0.0052
- Technical indicators look bearish while the coin trades under selling pressure
Verge cryptocurrency has somewhat controlled the price decline yesterday; however, the coin has not found a support level to start an uptrend yet. The XVG price was rising gradually till it kickstarted this week.
Meanwhile, Bitcoin has noted a bearish impact over the last 24 hours, as the coin has dropped even below $7300. It is to be seen when the crypto market manages to get bulls back in the race.
Verge Price Prediction
Five days ago, Verge price was trading with a stable momentum at $0.00442. After a high spike at $0.0044, the currency remained around its opening price, except for a few closes above $0.0043. On the next day before closing, XVG coin mildly surged above $0.0046. Continuing the uptrend, the coin reached above $0.0052 on December 9 and then started a pullback.
Yesterday, XVG coin’s downward journey took a rest after it traded even below $0.0041. The coin is down by more than 21% right now and is trading at $0.0040 at 04:57:29 UTC.
The technical picture for the Verge price trend looks negative at the moment. SMA lines have traced a death cross, after which the short-term SMA line is well below the long-term SMA line.
RSI is marked at 40 showing no extremities while MACD is heading for a bearish crossover. The coin is carrying a selling pressure at least for a week now.
XVG coin is likely to see resistance levels at $0.0045, $0.0050, and $0.0053 while its support levels appear at $0.0038, $0.0035, and $0.0031.