Verge (XVG) price analysis: XVG Coin Riding The Crypto Bull

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Ritika Sharma
Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

Verge (XVG) is showing a bullish trend in the short term and is above its 200 periods moving average and the four hour time frame. At the time of writing this article Verge (XVG) was trading at $0.01 against the United States Dollar (USD). The coin was also showing a positive growth of 15 percent.  The market cap of the coin was $165,641,746 against the United States Dollar (USD) and the 24-hour trading volume was $21,833,529 against the United States Dollar (USD). The coin was showing a positive growth of around 15 percent as of writing this article.

The relative strength indicator has also turned bullish on the four-hour time frame as can be seen from the graph.  The MACD Indicator has also turned bullish on the four-hour time frame as can be seen from the graph. Verge is now expected to be bullish in the medium term as well. The bulls are trying hard to remove any signs of bearish pattern that the coin might have and move it to the bullish zone.

Traders and investors can be assured that a strong bullish trend means that price can advance the head of the bearish trend and shoulder to a bullish trend. The relative strength index for the medium term is also growing to be bullish. The MACD Indicator also shows a bullish trend for the coin and indicates a strong buy signal for Verge (XVG).

Verge (XVG) is showing a strong bullish movement and the coin can move to new price levels if the bulls continue to support the coin.

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