Verge News

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

  • Verge‚Äôs 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.

Verge Price Analysis

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.

Verge (XVG) Resistance and Support Levels
1st Resistance $0.002593
2nd Resistance $0.002673
3rd Resistance $0.002774
1st Support $0.002412
2nd Support $0.002311
3rd Support $0.002231

Paul Jolin

Paul Jolin is an economist having experience in financial research. He joined CoinNewsSpan in 2017 and since then has been working with the team to offer best price analysis and review stories on the crypto space. He is optimistic about blockchain technology's use cases in terms of financial freedom. He also has experience as an independent trader.

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