Technical Analysis

Verge (XVG) Records Almost 4% Hike Over the Last 24 Hours

Verge (XVG) price has had a sluggish start to the year, with its price being below the baseline. However, there is some reason to cheer for the XVG community as the past few days show the price of XVG coin moving mostly in the upper range. The price has been hovering in the range between $0.0044 – $0.00476.

XVG Price Prediction

Verge coin managed to outsmart the bears from the past few days. If we look at the price movement of the past 24 hours, the price started below the baseline at $0.004464 at 02:08 UTC. The price of the XVG coin shot up to $0.004762 at 08:23 UTC, showing an upward price momentum of 6.69%. After this hike, the price of XVG fell to $0.004554 by 4.35% price drop. Then, the currency started trading upwards and reached a high of $0.004744 by 4.16% at 17:03 UTC. Later, Verge cryptocurrency managed to trade in a similar range till now. The price has corrected downwards marginally today and reached $0.004642.Analysts are having a positive opinion about the future performance of the coin and expect the coin to get out of this short-term bearish trend during the year. Current investors should invest from a long-term perspective. Day traders should tread cautiously in this current crypto market volatility.

Olivia Moton

Olivia Moton is a financial analyst and loves dealing with numeric values and charts. She helps our team to deal with various forex price analysis articles. In her free time, she enjoys solving puzzles.

Recent Posts

Forex vs. Stocks: which market offers better opportunities for Indian traders?

Indian traders and investors in 2023 and in the coming years will have adequate access…

12 months ago

Forex trading in Indonesia exploring the different asset classes

The currency exchange market, generally referred to as the forex industry or the FX market,…

1 year ago

Transforming forex trading in South Africa: how information technology enhances earnings

Information technology has transformed the forex trading market in South Africa, providing traders with a…

1 year ago

Do forex traders in Dubai enjoy tax exemption?

With globalization's advent, the business has taken up an entirely new dimension over the past…

1 year ago

Risk management strategies for Filipino forex traders

Risk management uses stop-loss orders and profit targets in the Forex market to manage your…

1 year ago

Forex trading instruments in Nigeria: which ones are right for you?

Forex trading instruments refer to the various types of tradable markets. They can be traded…

1 year ago