Verge(XVG) Sudden Plummet in The Prices of XVG

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Ayush Malviyahttps://www.thecoinrepublic.com/
Ayush Malviya has recently joined as a technical market reporter for Thecoinrepublic- the Leading cryptocurrency news site. He believes that there is a broad scope in Crypto market and blockchain. Thats why he loves to gather knowledge about it and like to analyse the market pattern.
  • Verge took a sudden negative divergence while running along with bulls, unable to counter the crucial resistance level of $0.003
  • The XVG/BTC pair is indicating negative performance with the overall loss of – 0.57%, bringing the level to 0.00000039.

XVG prices again started falling gradually. This is the third time prices tried to break the crucial resistance level of $0.300 but again collapsing against it.

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Prices are really struggling hard to maintain sustainability as there is a heavy volatility rate in the buying and selling of the cryptocurrency.

For the fourth time, the support level of $0.002 saved prices from falling further, showing how important it for XVG  to maintain this support level

XVG’s current market capital is $ 38,847,646USD with volume traded of $ 842,392 USD and circulative supply is at $ 16,212,981,143 XVG.

VERGE
Source:tradingview

The technical chart reflects that there is heavy volatility in the market. Verge prices are suffering fluctuation on the current level.

The technical indicators and oscillators are showing an increase in selling volume as the market is again started turning red.

The MACD levels are about to overtake my bears due to the increase in the selling volume but bulls are also trying their best.

The 24hr-RSI level is trading in the bearish zone but it did suffer fall and chances are it will fall below the region of 50.

The 24hr CCI came back to the normal zone from over buying region indicating there is a decrease in the altcoins buying.

Resistance level $0.030
Support level.  $0.0020

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