Verge Takes the First Step Towards Recovery

• Verge grows by 2% in the last 24 hours, taking the first step towards recovery
• The next resistance may fall at 0.0034 USD

Verge has witnessed a healthy hike of 2% in the last 24 hours, but this has nothing to cherish. It has been showing volatile fluctuations for the last few days and this trend is likely to continue for some more days.

Verge Price Analysis:

Verge opened the day with a hike of 3.98% in the initial 12 hours and 15 minutes; this hike placed it at 0.0033 USD from 0.0031 USD. Later, it took a downward shift and fell to 0.00307688 USD, the lowest point of the day.  However, from 14:46 UTC, it started showing signs of strength and it scaled the value as high as 0.00330878 USD by 23:26 UTC. From there, it has been struggling to keep its head above 0.0032 USD.

The market cap has taken a marginal hit and it has fallen to 51.5 million USD from 51.9 million USD in the last 24 hours. However, the overall outlook of the Verge is still at one of the best in the market, with more than 9000% ROI.

Verge has been under stress for the last few days and following all other its major peers; it has also lost huge value. However, its current price is above its 20-day and 50-day moving average. It shows that a recovery may not take much time for Verge.