Verge had declined during the past two weeks and had recorded a steep fall. Currently, the coin price is moving with consolidated momentum. The super trend indicator being green currently indicates a bullish signal. However, the candles formed recently don’t show any major price movement, thus indicating that neither the bulls nor the bears are able to take price in any direction.
There is a bullish divergence between the XVG price and the RSI indicator, and the price currently moving sideways can lead to an uprise of the token. Verge crypto is taking the support of the uptrend line, and on April 18, the price got tested at the trendline but couldn’t close below it and got rejected. If the XVG coin price continues to ascend, a minimum target of $0.013 can be expected. The last peak formed was higher than the previous peak, which can be an opportunity for the bulls currently as the price may bounce in its rising zone.
The RSI indicator being 46 is currently neutral but may head towards its overbought zone. The Bollinger bands show volatility in the market as the gaps between the bands are broader. The price moves above the lower bands and may reach the upper bands towards its resistance. The volume candles show isolated price movement between the traders. The investors willing for high risk and high return may enter a bullish trade as the coin may reach its high in the upcoming days.
