The downtrend in the market for most of December was ended with the onset of 2020. However, unlike most of its peers, Verge cryptocurrency couldn’t move forward for clinching a hike. Over the last 30 days, the price has shrunk by 23.57%, and the coin is now trading at 0.00356 USD.
Verge Price Analysis
XVG coin was trading at 0.004658 USD on December 08, and its first major variation happened between December 08 and 18. Over these ten days, Verge lost 34.86% value and got placed at 0.00344292 USD, the lowest for the month. It was followed by a short stint of a hike that added 0.00035 USD to the value and pushed XVG price to 0.003798 USD by December 28. From there, Verge coin has been trading in the lower range. From December 28, it has lost 6.73% value and currently, it is trading around 0.003560 USD.
Verge’s both 50 days MA (0.003597 USD) and 20 days MA (0.003605 USD) are lining above its current price. It hints at the continuing selling pressure of XVG coin. As per our prediction, this bearish pressure is to be sustained for a while. There may not be any immediate respite for Verge cryptocurrency. The next support for the coin may come at 0.003504 USD. However, investors can still be benefitted from its intraday volatile swings if they trade carefully.
|Verge (XVG)||Resistance and Support Levels|