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Verge’s Sluggish Trend Exhibits Bearish Run; Key Support to Look for $0.0036

Verge price has been deeply affected by the top players of the market. Today, Bitcoin has broken the freeze at $7,000 and dropped to $6,900. Ethereum and Ripple are also on a similar path. XVG coin is spotted falling from the beginning of the day. The same is speculated to stay with the coin for a while.

XVG Price Prediction

Currently, the Verge coin is indicating a heavy fall in the price. The currency started dealing at $0.0044 yesterday. The XVG price dropped to $0.0043 by 3.64% fall. The coin price improved immediately and jumped to $0.0045 by 4.97%. The uptrend couldn’t stay for long, and the price was spotted slipping to $0.00429 by 5.22% fall. XVG price improved once again and touched $0.0045 by 5.80%. The same was followed with a tremendous fall in the price of 13.60% as the counters moved from $0.0045 to $0.0039. The closing hour took the price of Verge cryptocurrency to $0.0040 by 3.50% hike.

The intraday movement in the coin reflected a 9.39% plunge in the price. Today, the coin began the day with a tight lock around $0.0040. The price started falling the later hours and slipped to $0.0039 from $0.0040 by 3.49%. Later, the XVG price touched $0.0038 and then $0.0037 by 3.66% and 3.90% fall, respectively.

The market cap of Verge coin is at 62,471,126 USD. The coin has already breached the immediate support level at $0.00387. In some hours, the coin might violate the next support level at $0.00368. Based on Verge prediction, the interested traders in XVG coin are recommended to opt for short-term investment.

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.