Verge cryptocurrency has been able to continue the last day’s recovery to another day. Over the last 7 days, the XVG coin price reflected moderate volatility and spotted trading in a narrow range of $0.0023 to $0.0025. On March 28, the coin traded to the high of $0.0025 and then felt a sudden fall and reached $0.0023.
After hitting this low, the currency started trading upwards but failed to cross $0.0024 mark till the next day. However, yesterday, the Verge price marked a steep hike, and the price reached above $0.0024 mark, and then, it managed to trade towards $0.0026.
Yesterday, XVG coin opened the day at $0.002417 and continued to trade with steady upside momentum. By 11:25 UTC, the currency was hiked by 7.60% and touched the highest point of the day at $0.0026. It was followed by a 5.77% price correction that cost the coin $0.0001 and pulled the Verge coin price down to $0.002450 by 20:26 UTC. After that, at the closing hours, XVG coin started trading upwards and added 2.66%, and its value got confined around $0.002516 by today in the first hour.
At the time of writing this analysis, Verge coin traded with having support from short-term SMA lines, namely, 20 & 50-day. Its RSI stands improved at 58.63 points, and it hints that buyers’ confidence is slowly catching up. However, as per the current trend, XVG price may continue to trade in a similar range in the next few hours before making any steep movement.
| Verge (XVG) | Resistance and Support Levels |
| 1st Resistance | $0.002593 |
| 2nd Resistance | $0.002673 |
| 3rd Resistance | $0.002774 |
| 1st Support | $0.002412 |
| 2nd Support | $0.002311 |
| 3rd Support | $0.002231 |