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- Verge took a sudden negative divergent, leading it to the lowest point possible. Bulls are running out of steams.
- The XVG/BTC pair is indicating positive performance with the overall profit of 0.85%, bringing the level to 0.00000040.
On the 7day-weekly chart, XVG prices took a sharp negative divergence after falling gradually with the world market to the lowest limit possible.
Prices are struggling hard to maintain sustainability above the crucial normal mark. Resistance level of $ 0.040 is not allowing prices to cross it and pushing them down the line of normal on and on.
Heavy downfall in the current market is a concerning factor for crypto investors XVG suffered its biggest single-day price fall due to this.
Currently, the price levels are below the normal mark. XVG’s current market capital is $ 34,327,416 USD with volume traded of $ 672,165,USD and circulative supply is at $ 16,207,076,343 XVG.
Verge (XVG) Technical Analysis:
The technical chart reflects the dominance of bears in the market. Verge prices are falling continuously due to the collapse in the global market. XVG prices are struggling in the market as they are facing continuous downfall and witness their biggest one-day price fall.
The technical indicators and oscillators are showing heavy selling volume due to the bearish dominance in the market
The MACD levels are facing complete bearish dominance due to the continuous fall in the market. This is a bad sign for the cryptocurrency.
The 24hr-RSI levels are facing heavy selling volume. It touched depths of the overselling region and then made a double wedge pattern and started climbing. It only reached the bearish zone of normal.
The 24hr CCI made a sharp negative divergence towards the lowest point of the overselling region. It did climb up to the normal region due to the trading in buying volume.
Resistance level $0.0025
Support level. $0.0020
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
