Verge (XVG), the privacy-focused cryptocurrency, is among one of the most talked about names in the world of cryptocurrencies and blockchain technology. Verge is all set to bring forward a revolution when it comes to anonymity and privacy. The price of Verge has been going through a number of ups and downs lately. Here's a technical analysis of the current price of Verge and where it is expected to go from here.
Verge (XVG) Price Over the past 24 Hours:
Over the past 24 hours, Verge has witnessed a fall of 13%. The currency began trading at a price of $0.058 today and peaked at $0.0602. Since then, however, it has been on a downtrend, hitting rock-bottom at $0.048 and then moving up to 0.051 where it rests now. The market cap too fell by over $100 Million from $851 Million to $743 Million.
Verge (XVG) Price Over the past week
Verge began the week at $0.058, hit a low of $0.034 - but then recovered, surging to as high as $0.064. The currency has seen a number of ups and downs - but when you look at the opening and closing numbers, it has been a slow week of negative growth for Verge. The market cap of the currency too fell from $857 Million to $743 Million over the week.
Verge (XVG) Price Prediction:
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Technical Analysis of Verge (XVG) | Image: Tradingview[/caption]
The pink channel above shows the downtrend that Verge is likely to take. The currency is trapped in a downward channel and it appears that the trend will continue for the foreseeable few days. Despite the fall, Verge has a strong support at the $0.04 mark and is not expected to fall below that.
Those trading in Verge should set a stop-loss of $0.038 as a recovery beyond this point would be rather slow. For more (XVG) Verge price updates and news stay tuned to Cryptocrimson or you can also bookmark our page. We’ll also keep adding updates to this article for real-time analysis.
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: Neither the management nor the authors at CryptoCrimson are responsible for any losses, financial or otherwise, which may occur due to investing based on our articles. These are market predictions - which are not set in stone. The information provided is only for educational purposes and cannot be considered a financial advice.