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Verge Price Analysis: Price is Showing Bearish Correction after 15% Increase

 

Current Price Status of Verge (XVG): Currently, the currency is trading at the value of $0.003213 and it is decreasing by 2.22%. The market capitalization of the currency is $51,314,045 and the 24-hour volume of the currency is $2,404,451. The circulating supply of 15,971,704,229 XVG and the >9000%.

The currency Verge has made a collaboration along with Ellipal Titan and Ellipal cold wallet and they are now started to take XVG token from the customers too. The cryptocurrency is looking forward to luring more customers on the platform of XVG.

Price Analysis: The currency is hovering between the value of the currency is hovering between the price range of $0.003100 to $0.003300 mostly. On the 1st of October, the currency even touched the price of $0.003456 at 09:59 UTC and this increase in the value by 18.39%. The currency stayed around the value some time but after some time the currency again started to decrease.

Before this, the value of the currency was trading beneath the baseline in the market and on 26th September the currency was trading at the value of $0.002973 at 16:30 UTC. After two days the currency was increased by 15.66% and the value reached around $0.003439 at 10:50 UTC on 28th September. However, the value again drastically dropped by 14.32% on Monday, 30th September. The currency reached a low value of around $0.002943 at 07:15 UTC.

XVG/USD Price Chart: The pair or XVG/USD price chart is showing that the price movement if forecasted to decrease this week and this might be the opportunity for traders to buy the currency. On the other hand, the currency’s long-term movement is forecasted by the experts that it will be going to move forward. This might the right time to good and great returns from the currency. The experts also said that the currencies will achieve a value of $0.0049.

The main support levels of the pair are $0.003144, $0.00289, and $0.002764 and the main resistance levels of the currency are $0.003524, $0.00365 and $0.003904.

 

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About Arushi Dubey

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Arushi Dubey is a student of Bachelor in Arts( Psychology). She is pursuing Psychology in arts with English literature and French Language. She is well versed in the English language. She is good at expressing her thoughts into words. She is still getting more and more trained in gathering knowledge related to Crypto Currencies and expressing them.

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