Verge (XVG) Breaks the Bearish Cycle; Adds 4.48% Overnight

• Verge’s value against USD has been up by 4.48% in the last 24 hours
• Its current value roams around $0.00252
• The next resistance for XVG coin may come by $0.002593

Verge cryptocurrency has been able to continue the last day’s recovery to another day. Over the last 7 days, the XVG coin price reflected moderate volatility and spotted trading in a narrow range of $0.0023 to $0.0025. On March 28, the coin traded to the high of $0.0025 and then felt a sudden fall and reached $0.0023.

After hitting this low, the currency started trading upwards but failed to cross $0.0024 mark till the next day. However, yesterday, the Verge price marked a steep hike, and the price reached above $0.0024 mark, and then, it managed to trade towards $0.0026.

XVG Price Gains 7.6% Then Consolidates Near $0.0025

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Yesterday, XVG coin opened the day at $0.002417 and continued to trade with steady upside momentum. By 11:25 UTC, the currency was hiked by 7.60% and touched the highest point of the day at $0.0026. It was followed by a 5.77% price correction that cost the coin $0.0001 and pulled the Verge coin price down to $0.002450 by 20:26 UTC. After that, at the closing hours, XVG coin started trading upwards and added 2.66%, and its value got confined around $0.002516 by today in the first hour.

At the time of writing this analysis, Verge coin traded with having support from short-term SMA lines, namely, 20 & 50-day. Its RSI stands improved at 58.63 points, and it hints that buyers’ confidence is slowly catching up. However, as per the current trend, XVG price may continue to trade in a similar range in the next few hours before making any steep movement.