Will Verge (XVG) Lose Its Battle with the Bears?

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Verge’s steady run during the first half of the year was brought to a halt by the bear entry in the crypto market. From then onwards, it was a continual downside for the price of XVG coin. This trend is expected to continue as the bears are ruling the market.

XVG Price Prediction

Verge has been trading in the lower range for the most part of the last 30 days. From a high of $0.004007 on September 24, the price of XVG coin fell to $0.003078 going below the baseline on October 04, fall being to the extent of 23.09%. The price got some respite from the bears when the Verge price rallied to $0.003906 on October 08, rise being to the extent of 26.69%. XVG price stayed in the upward range for some days, but with the bears being stronger, the price once again dropped to $0.003364 on October 16, downward movement is to the extent of 13.95%. With the price still below the baseline, the XVG price went up to $0.003517, the upward rise being to the extent of 4.52%. Currently, the price of XVG coin is at $0.003267, the downward movement being to the tune of 5.71%.

XVG to USD Price Chart

Verge Price
XVG Chart By TradingView

XVG coin is continuing its fluctuations due to bearish pressure in the market, and the price is bearing the brunt. Analysts expect that the price of Verge to go down further in the near term. Investors can continue to hold on to their existing investments as the crypto market volatility is expected to be short term. Traders should be very careful in this volatile crypto market scenario but can still make gains by careful trading.

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Resistance & Support Levels

R1: $0.003503, R2: $0.003596 and R3: $0.00367

S1: $0.003336, S2: $0.003262 and S3: $0.003169

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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 the world's leading digital currencies.

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