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Verge (XVG) Price Movement Reverses Yesterday’s Trend

  • Verge price improves drastically over the last 24 hours
  • After a week-long downtrend, XVG price finally escalates

Verge price movement is exhibiting a bullish trend on the intraday graph. The movement is speculated to give positive returns to the traders after a weeklong trend. In the past 7-days, the coin was spotted dealing at a high of $0.004641 and a low of $0.003514.

The improvement was long-awaited by the traders. The growth has spiked hope among the traders. The uptrend is speculated to stay for a while.

Verge Price Analysis

Yesterday, the XVG coin started dealing at $0.00362. The price jumped to $0.00374 by 3.23% hike. The coin was spotted locked at the $0.00374 which was followed by the fall of 6.08% as the price touched $0.0348. After that, the Verge price started improving. The price jumped to $0.00390 and later to $0.00397. Then, the XVG price dropped to $0.00383 but it picked up again and reached $0.00424. The coin closed the day at $0.00411. Today, Verge cryptocurrency began with a drop of 5.97%. The price counters moved from $0.00411 to $0.00386.

Recently, Verge coin price has slightly recovered, and at the time of writing this piece, the currency is trading at $0.03925. The price is quite near to the immediate support level at $0.003681. However, the speculations believe the coin might reverse the trend and trade around its immediate resistance level of $0.0042. The traders interested in XVG coin are recommended to opt for short-term investment as per Verge coin price prediction. The long-term investment might carry risk. Hence, we wouldn’t vote for the same.

Resistance Level Price Support Level Price
R1 $0.004296 S1 $0.003681
R2 $0.004521 S2 $0.003291
R3 $0.004911 S3 $0.003066
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.