The crypto market has been quite fluctuating for quite a long time. The big guns of the crypto market are badly suffering due to the same. However, some coins battled and rose to profit despite heavy market pressure like Verge cryptocurrency. The coin was at $0.0038 on November 14, 2019, and today it is at $0.004328. The upward momentum of the coin has impressed the traders at large.
Verge (XVG) Recovers Amid Price Swings
The XVG price was at $0.0038 on November 14, 2019. The currency escalated to $0.00547 by a massive hike of 41.57% on November 15. The coin couldn’t hold itself at the level and started to fall. Verge price dropped to $0.0048 and further reached $0.0042. There was a slight recovery that brought the price to $0.00464, but the price of Verge cryptocurrency slipped again and touched $0.0037. The XVG coin spotted trading around the same which was followed by an escalation of 2.31%. Later, the price dropped to $0.00322 from $0.00394 by 18.06%. The price movement marked recovery when the coin touched $0.00420 by 31.11% hike.
The closing days brought Verge price to $0.0038. The movement of the last 15 days brought a 2.31% regression in the price of XVG coin. December opened with an escalation. The coin started at $0.00395. The price jumped to $0.00404 and then touched $0.00473. After this hike, XVG price slipped to $0.00467 but further touched $0.00512. Then, it slipped to $0.00432. The coin has improved by 12% in the last 12 days.
Verge coin is speculated to close the day with a profitable return. The currency is moving towards its crucial resistance level at $0.0044. If the momentum of the XVG coin remained intact, then the price can escalate to the next resistance level at $0.045 too.
| Resistance Level | Price | Support Level | Price |
| R1 | $0.004339 | S1 | $0.004115 |
| R2 | $0.00445 | S2 | $0.004002 |
| R3 | $0.004563 | S3 | $0.003891 |
According to the Verge coin prediction, the XVG coin is speculated to recover the losses soon. The traders interested in the coin are recommended to opt for short-term investment. The same would bring the desired result to the traders.
