Verge is yet to make any significant improvement towards a recovery. Over the last 24 hours, it has shown flattish movement most of the time with three steep price swings and trading around $0.003542 & $0.003346. And it has witnessed a marginal drop in this period.
Verge Price Analysis:
XVG coin was trading with upward positive momentum in the first hour of yesterday as it could gather momentum to get a hike of 2.48% and reached $0.003542. Then, it was followed by a 5.51% reduction which pushed the Verge price to $0.003346 at 16:30 UTC. After this decline, between 16:30 & 03:05 UTC, the XVG coin managed to recover and added $0.0001 and reached $0.00352273. However, it couldn’t manage at this high and faced rejection. At the time of writing, the currency retested the $0.0034 mark.
Verge’s market cap, on the contrary, has grown unlike its price against the US Dollar. It was at 54.56 million USD on October 21 and today, it has scaled to 55.62 million USD.
The 50-day MA of XVG/USD is now at $0.0039466 and the 20-day MA stands at $0.00344896. The current trading price is $0.0034461 which is 12.68% and 0.08% less than the 50-day and 20-day moving averages, respectively. If Verge manages to trade upwards, it might test the next resistance around $0.0036.
|Verge (XVG)||Resistance and Support Levels|
|1st Support Level||$0.003335667|
|2nd Support Level||$0.003262333|
|3rd Support Level||$0.003168667|