Although in the top 100 but Verge has been the most socially known cryptocurrency due to its ongoing year’s superficial price spike of over 650% in just three months. Moreover, it was just in the previous week when XVG was trading around $0.0080 and had breached the upper Bollinger Band with a complete bullish crossover on the 24-hour chart. However, with daily corrections and bearish candlewick, XVG/USD is now trading at $0.0068.
Verge, with its recent price strengthening, has gained many potential investors to join the network and is ranked in 95th position in the global crypto market. From holding a market cap of around $55 million at the onset of the year, XVG price grew as high as $0.0099, and the market valuation grew over $160 million.
Verge Faces Rejection Near $0.0100
After having hit a high at $0.0099, Verge currency faced a stringent rejection at $0.0100 and is now trading below at $0.0070 and slightly below the 38.20% Fib Level. However, the coin has maintained a stance above the 50.0% Fib level even after the recent correction below the fresh YTD price. XVG coin is holding complete support from SMA 50 and 200 at $0.0065 & $0.0046. However, the coin has slid below the upper 20-day Bollinger band due to the loss of daily transactions. Based on our Verge Price Prediction, the coin might continue to trade downwards by the end of the week.
The MACD chart holds a bullish divergence and is now moving towards intersecting with the signal line on the 24-hour chart due to lack of intraday momentum. The RSI of Verge holds no trading extremities and is lying at 52.03.
