Home / Analysis / Verge (XVG) Price Prediction : Will Verge Price Begin the Uptrend?

Verge (XVG) Price Prediction : Will Verge Price Begin the Uptrend?

Verge was founded in the year 2014 as the open source blockchain technology-based stage and it utilizes the proof-of-work algorithm. The Verge uses the confidential addressing technology which is authorized by the TOR protocol (The Onion Network), this how the Verge keeps the anonymity of their user’s transactions details. This is what makes the Verge so popular in the blockchain and cryptocurrency market and it also allows the users to merge it easily with the mobile phones for a quick transaction.

Current Status of Verge (XVG): Currently, Verge (XVG) is trading at the value of $0.006702 USD with the market capitalization of $107,272,496 USD and the 24-hour volume of $3,532,436 USD. The Circulating supply of XVG is 16,005,219,728 XVG and the max supply is 16,555,000,000 XVG. Verge’s value is increased by 1.44%.

Yesterday the closing the value of the Verge was $0.006301 USD. As we compare the two value of the closing value of yesterday and today’s current trading value we can clearly see that the coin is currently going with the bullish trend and it is holding a good position. The value of the Verge was bearish yesterday, but with now moving along with bullish trend.

XVG’s Medium Period Trend: The predictions come out the next resistance levels for the value of XVG will be $0.009500, $0.0100 and $0.015000. The support levels of the value of XVG stays around the values at $0.007500, $0.00700 and $0.006500. The XVG under the pressure of the bearish trend fell down up to the $0.006400, but the analysts are hoping that if the XVG holds its place at the support level of $0.006500, then it could break the resistance level of $0.007500 USD.
The stochastic signal is placing the XVG into the oversold area but it under the value of 20%. And if the bearish trend overpowers the current bullish trend of the XVG, the value of the XVG will decrease.

XVG’s Short Period Trend: In the 1-hour chart, the value of XVG price under the bullish movement. The support is at $0.006400 and if XVG keeps this value then the XVG will stay in bullish trend. The stochastic signal is at 40%, which means it is oversold area and in the bullish movement.

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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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