Price Analysis

Will Verge Price Continue to be Influenced by the Bears?

  • Verge has been continually under bearish pressure as seen from the 90-day price chart

Verge (XVG) has had many ups and downs from the onset of 2019. From July, however, the price of XVG has been on a continual downswing due to bears having a stronger hold in the crypto market. There is not much hope for the coin till the crypto market shows stability and the bulls make an entry. The 90-day price chart indicates a price fluctuation in the range of $0.0034 – $0.0065.

Verge to USD Price Analysis:

XVG Price Chart
XVG Chart By TradingView

The price of Verge has been falling continually in the ongoing bearish sentiment in the market as seen from the 3 months price chart. From a high of $0.0065 on July 27, the price of XVG went down to $0.0044 on Aug 15, fall being to the tune of 33.09%.

On Aug 25, the price went on an upward trend at $0.0054, the upward movement was showing an increase of 28.38%.

On Sep 28, the price again fell to $0.0034, the downward movement was to the extent of 36.26%. The price went up slightly to $0.0039, upward swing being to the extent of 12.67%.

The current price of XVG is at $0.0034, which is showing a movement in the lower range by 12.82%.

Verge Price Prediction:

Verge has not been able to let itself escape from the bear grip and the price of XVG has continually presented a bleak picture. The bear market is making everyone rethink their investment decisions but all is not yet lost. Analysts expect the short-term trend to be bearish but feel the year-end outlook will see the crypto market move towards stability and create a stable momentum in the price of XVG.

Conclusion:

Long term investors should continue to hold their investments as making transactions now would not result in any gains due to the continual volatility in the crypto market. Short term investors should exert some patience and time their investments so as to get some benefit out of it.

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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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