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Verge (XVG) Witnesses a devaluation over 13% in last 4 days

Recent update on Verge Core 0.3.5.8 has been released. This aims at resolving the compilation that was causing a lot of security issues for the users in OpenSSL.

Verge Price Analysis:

Considering the movement of Verge in the past 5 days, the price of XVG was initially seen trading at $0.003132 at 08:45 UTC as on September 25, 2019. Later, the value escalated by 10.17% on the next day at 13:00 UTC with the trading value of $0.003451 which was the highest peak in the last 5 days. However, the major concern was witnessed when the value dropped drastically by 13.74% on the same day at 16:25 UTC, which led Verge to trade at the lowest of $0.002775.

The trading value from then increased by 15.54% on September 28 around 10:25 UTC, trading at $0.003437. Today, the trading value of Verge again dropped by 13.52%, to the lowest the said time frame.

Based on the last 30 days price trend, the value of XVG is trading with a bearish outlook at present. This can be a considerate time for traders to invest in XVG for future returns. The fluctuations in the short-term prognosis can help the intraday traders to fetch returns if they hit the trade decisions extremely wisely. On the other hand, the long-term investment is going to be a result-giving duration as per the coin’s trading history until now. You can checkout XVG Predictions for various periods of the future prices of Coin by our experts.

The calculated resistance and support levels are as follows:
Resistance Levels:

 R1: $0.00329, R2: $0.003396, R3: $0.003495

Support Levels:

S1: $0.003085, S2: $0.00986, S3: $0.00288

Aarav Ghosh: Aarav Ghosh is a sub editor and contributor to NameCoinNews who specializes in covering latest stories and headlines of cryptocurrencies and blockchain. Additionally, he also covers latest news related to FinTech industry. He is a firm believer of next big transformation of world economy in terms of digitalization.