It started in 2014 under the name of DogeCoinDark, but it was rebranded in 2016 to Verge. It offers a similar service as Bitcoin with the advantage of identity and location protection. Verge calls its secure transaction protocol Wraith protocol since it hides the true value of its transactions.
Verge Cryptocurrency Price Analysis
When assessing its price action from June 2021, we can see a downtrend being followed by XVG, which was checked only at the support line of $0.016. The movement comes out as a 43% rise in valuation. Can XVG reclaim its glorious highs, or will the upcoming resistance force it to consolidate?
XVG has an immediate resistance at $0.024 levels. Current price action supports the evidence of a strong bull run if it can break past this resistance zone in the current swing. RSI bounce back indicates the return of buyers, which is another positivity at this counter.
Verge price can consolidate around the mentioned zones, as it has faced resistance in breaking this consolidation zone for the last two months. Breaking this in one swing will indicate shifting of resistance, adding more fuel to the positive sentiment brewing at Verge.