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Will Verge Continue Stable Upward Momentum in the Short Run?

Verge (XVG) has been giving the bears a good fight after a slow start to the year. This has brought some cheers to the user community, which has seen the continual crypto market volatility push the returns for XVG in the downward range. At the beginning of this month, XVG coin has managed its price level around $0.0038, but after March 7, it started declining trend. From yesterday, the currency has started a strong recovery. The price was fluctuating in the range between $0.0019 – $0.0025.

Verge Price Analysis

XVG/USD Chart By TradingView

Verge price has managed to give a good fight to the continual bear pressure, as evident from the price movements of March 19. The day started on a low note for XVG price, with it being below the baseline at $0.001983 at 02:00 UTC. The coin took an upward swing from hereon and reached a high of $0.002362 at 13:10 UTC, showing an upward rally to the extent of 18.94%.

There was a slight hiccup marked as the price went down to $0.0022 at 14:59 UTC, showing a downward variation of 5.59%. From this low, Verge price traded upwards, and it reached a high of $0.00248 at 22:50 UTC, the rise being to the tune of 11.09%. However, it again dropped to $0.002362 at 23:56 UTC by 4.77% fall. Today, the price of XVG coin has been maintained around $0.0023, indicating that the currency is vying for a stable momentum.

Verge price is slowly moving away from the continual bearish volatility in the crypto market and gearing for a bull momentum. As per XVG Coin Price Prediction, analysts expect this coin to show more stability in the coming months as crypto market volatility is expected to subside. Investors should continue with their holding of the coin as the crypto market is expected to show more stability during the ensuing months.

Ronald Cribbs: Ronald Cribbs is a reporter who has studied in Journalism and previously worked as a freelance reporter in well-known publications and financial news websites. He is regularly going for the interview with leading industry players of crypto space. He has been following cryptocurrencies since 2012.