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Verge (XVG) Price Prediction and Technical Analysis


Current Status of Verge (XVG):
The currency is trading at the value of $0.003341 and value is increasing by 1.07%. The market capitalization of the currency is $53,337,050 and the 24-hour volume of the Verge is $1,702,708. The circulating supply of the currency is 15,962,915,759 XVG and ROI of the currency is >9000%.

On 27th of September, the currency was trading at the value of $0.003178 and the market capitalization of the currency was $50,712,880 and the 24-hour volume of the currency is $1,591,954. Today the value of the currency is experiencing bullish movements.

If we talk about the pair of XVG/BTC then the currency is trading at the value of 0.00000041 BTC and it is decreasing by 0.71%. On the other hand, if we talk about the pair of XVG/ETH, the currency is trading at the value of 0.000019 ETH and it is also decreasing by 3.2%.

Technical Analysis of XVG/ETH pair: The pair has experienced a lot of ups and downs today in the market. The pair even decrease highly and reach at the low value of 0.00001882 ETH at 09:35 UTC from the value of 0.00001929 ETH. However, some half an hour after the value recovered and reach again to the value of 0.00001906. At the time of 17:00 UTC, the pair of XVG/ETH reached up to the high of 0.00002012 ETH but the currency later dropped again. The currency is now hovering between the range of 0.00001900 ETH to 0.00001930.

The Moving averages of 10-day, 20-day and 50-day are going down and both showing the strong selling signals in the market. The RSI is at the value of 28 and also showing sell signal and the MACD oscillators are also showing the bearish signal. The currency’s immediate resistance at the value of 0.000020 ETH, which it tested today but unfortunately the currencies was unable to stay and dropped down again. On the other hand, the currency was dropped to its support level of 0.000018, and it didn’t break down further and come back to the value of 0.000019.

The 50% Fibonacci retracement of the 4 weeks is at the value of 0.000023 ETH (both low and high) and the 38.2% Fibonacci retracement of the 4 weeks is around the value of 0.000024 ETH high and 0.000022 ETH low. Both the Fib retracement are showing bearish signal and other technical indicators are including MACD and RSI is also signaling strong selling of XVG/ETH pair. The main resistance levels of the pair of XVG/ETH lies at values of 0.00001950 ETH, 0.00001970 ETH and 0.000020 ETH and the main support levels of the pair lies at the value of 0.00001885 ETH, 0.00001850 ETH and 0.00001800 ETH.

About Arushi Dubey

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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