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Verge Drops by 5% From the Highest of Past 24 Hours

After Verge partnered with Ellipal, which is one of the most secure Airgap wallets, users find it easy to trade with XVG now. This wallet serves airgapped security level with IP65 rate anti tamper protection. XVG now is expected to be traded by the new and potential investors who believe in the security of Eillipal.

Verge Price Analysis:

Verge trades at $0.0033 around 04:17 UTC as on October 2, 2019.

Considering the intra-day movement of Verge, the value yesterday was initially trading below the baseline at $0.00328. The price of Verge from there increased by 6.20% at 03:20 UTC when the trade changed to $0.003485 value. Unable to hold, the price of Verge dropped by 6.92% by 10:57 UTC, which led the coin to trade at $0.003241.

Important to note, the value moved above the baseline and reached the higher peak at 17:05 UTC when the price increased by 4.83% trading at $0.003398. The current trading value is a result of 2.89% drop from the latter trading price.

Verge is currently trading in the bearish zone just like most of the other altcoins. The movement is utterly bearish at present as per Verge coin price prediction.

The predictions and forecast about Verge are quite interesting. Investors might have to wait patiently for the upward escalations. Meanwhile, the losses can be avoided with resistance and support level, which are calculated as follows:

Resistance Levels:

R1: $0.003437, R2: $0.003584, R3: $0.003681

Support Levels:

S1: $0.003193, S2: $0.003096, S3: $0.002949

Matthew Diaz: Matthew Diaz is a full stack developer working in NameCoinNews on blockchain and cryptocurrency related websites. He has a comprehensive knowledge of exploring different technical tools to analyse market trends of cryptocurrencies. He has over a decade experience of technical analysis and assisting companies to achieve desired solutions. He is avid cyclist and music enthusiasts.