Verge Price Takes a Slow-down; Calls for a Strong Recovery

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• XVG price maintains its price level above the recent support level of $0.0037.
• Verge coin faced a major price decline of more than 5% over the last 24-hours.
• The coin has recently formed a bullish candle above $0.0039.

While XVG coin has seen a steady price drop over the last 24-hours, Bitcoin has maintained its price above $9200 except for a plunge near $9145. Verge price has been ranging between $0.0037 to $0.0039 for the last couple of days.

XVG Price Prediction

Verge opened yesterday near $0.0039 and oscillated between $0.0038 to $0.0039 until it took a nose-dive from $0.003968 to $0.003734 with a decline of 5.90%. Before closing yesterday, the currency managed to climb above $0.0038. Since today morning, the XVG price has been failing to strike a strong rebound. After a few dips below $0.0038, the coin has recently formed a bullish candle above $0.0039 at 08:52:32 UTC.

The long term SMA line (200-days) is pretty much above its short term SMA line (50-days), showing the current bearish momentum. Despite the sluggish price trend, XVG is trading in the ‘Buy’ phase. While the coin is above its 50-day SMA of $0.0036, it is 36.06% down as compared to the 200-day SMA of $0.0061. You can browse our Verge long forecast page to get price forecasts for coming years which help in your XVG trading.

MACD of Verge is in the bullish zone with its MACD line above the signal line. Meanwhile, RSI is just above 50, showing no extremities. Verge may see resistance at $0.0038 and $0.004, while a price decline can take it to the support levels near $0.0036 and $0.0034.