Verge (XVG) started the month with an improvement. The said trend lasted for about a week and then after the coin price started falling. The market pressure has taken over the coin completely as the XVG price has touched 7-day low at $0.0035 today.
The possibility of improvement in the Verge price seems postponed. The traders have to wait for some more time before registering for profit.
Verge Price Analysis:
Yesterday, Verge started dealing at $0.004292. The coin kept trading at the same level for some time and later dropped. The fall was huge, as it reflected a 13.99% loss. The price counters moved from $0.004220 to $0.003629.
The XVG price improved in the later hours and went up to $0.00405 from $0.00369 by 9.44%. The day closed at $0.004039. The intraday movement registered a 5.90% loss.
Today, Verge opened with a moderate movement. Later, the price dropped to $0.003837 from $0.004050 by 5.22%.
The currency improved in the later hours and touched $0.00408 by 6.38%. Recently, Verge marked a tremendous fall of 13.23% as the counters touched $0.0035.
The current market trend has affected the XVG coin a lot. The current price of Verge is at $0.003691. The coin has already violated the immediate support level at $0.003727.
The currency is ideally recommended for short-term traders. however, the current market condition is not suitable for investment; hence, we would suggest the investors stay put for some time and wait for improvement.