Verge’s Current Momentum Reminds of 2017 Massive Price Rally

$0.010 is the Crucial Price Level to Gaze at for XVG/USD

Verge currency has been gaining ground with an amazing blow of momentum over the past week now and is already seen breaching yearly heights. With this, XVG coin has got enough attention from social media as well and has been gaining networkers from the investor’s community to elevate the portfolio. With this, Verge has turned to be the number one altcoin to invest presently. The momentum and support of the currency are commendable and unmatchable.

Alongside, Verge has been extending its service horizons and has partnered with platforms such as MobiePay to increase the usage and adoption of Verge just as the traditional way of transacting. Another such horizon where Verge currency is seen extending its presence is Piixpay, wherein the user is eligible to have simple payouts in Euro and XVG. As the normal and general use of this digital token increases, we can see the price booming.

With an increase in price, XVG is no longer an underestimated digital token and has been gaining enough attention. More importantly, the current price and momentum are even unmatchable with that of Bitcoin-the long of cryptocurrencies and the massive crypto by market cap. This has led to an increase in the trading volume and market capitalization.

Verge Price Analysis

Verge News
XVG/USD Chart By TradingView

If we look at the Month-to-Date movement of XVG/USD on a 2-hourly chart, the price trend is beyond doubt an enticing view to watch out for. The steep heights have gained a number of networkers to invest in the digital coin and are gaining the utmost support from 50-day MA, 200-day MA, and 200-day EMA. Not to forget the approaching Verge Halving in less than 30 days from now. At the press time, XVG price was seen trading at $0.0093, and a further rise beyond $0.010 is possible within a few days as per the current traction.

The technicals of the currency are utter bullish, and it is already over demanded due to the current price rally and has recorded the highest volume as well.

The major support to watch out for lies at $0.0085 and $0.0080, while the major resistance lies at $0.010 and will be the amazing point to invest and HODL.

Mehak Punjabi

Mehak Punjabi is a post-graduate in MBA with a specialization in Finance and has joined CryptonewsZ with a skill-building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button