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Verge (XVG) Leads the Way to 2020 with a Bullish Momentum

Verge cryptocurrency has been receptive to the new price trend that started at the beginning of 2020. Like many other major coins, XVG also fetched a 3.86% lead over the last 24 hours. It currently trades at 0.00357037 USD, having shown three major price swings.

XVG’s price was being traded at 0.00343 USD at the very opening of the year. It got pushed to add 2.75% over the next 6 hours and found itself at 0.00353 USD. The next variation happened between 08:15 & 17:33 UTC. Over these 9 hours, Verge coin gathered momentum to get traded upwards by 5.02% and touched 0.00361 USD. However, the momentum lacked a strong base so it had to go through a price correction. The price correction was not that significant. With just a 1.17% decline, the XVG price was at 0.003570 USD by 02:50 UTC today.

Verge Price Prediction

XVG coin’s current price has made a decent lead over the 50 days MA (0.00353004 USD). However, it is still 0.13% behind the 20 days average (0.00357533 USD). It hints that the Verge coin has shown good times in the recent past, and this trend is likely to be continued for the next few days. According to the current trend and XVG Coin Price Prediction, we should expect the next resistance at 0.003651 USD. Investors are advised to take full advantage of the bullish intraday trend.

Verge (XVG) Resistance and Support Levels
1st Resistance $0.003651
2nd Resistance $0.003726
3rd Resistance $0.003844
1st Support $0.003458
2nd Support $0.00334
3rd Support $0.003265
Richard Lee: Richard Lee is a regular contributor, who curates in-depth news stories and analysis about the cryptocurrency and blockchain space. He primarily covers latest happenings of US cryptocurrency market. He contributes to a number of well-known industry magazines and news sites before getting into NameCoinNews. He has strong skills in technical analysis of cryptocurrencies.