Verge Battles the Bearish Pressure; May Soon Reflect Recovery

Verge (XVG) News

Verge currencyโ€™s YTD price movement has been volatile. The substantial improvement was seen in the last three months despite the sluggish momentum. The market cap of the XVG coin is at $104,059,292, and the 24-hour volume is marked at $3,378,466.

The currency was trading around $0.00362 on May 10 with upward momentum. The XVG price hovered around the same level till May 25. Later, it marked a moderate hike and touched $0.00410. 

In the first week of June, the XVG coin was trading above $0.0041 mark with a similar upside momentum. Around mid-June, the price spiked to $0.00939. However, the Verge currency couldnโ€™t hold for long and dribbled to $0.00622. At the end of the month, the momentum improved again, and the price touched $0.00700 on June 30. 

July reflects a moderate decline in the price of XVG coin, and it continued to trade laterally till last week. Currently, the coin marked a slight recovery, and the price spotted at $0.00649. As per the recent hike, Verge holds support from SMA 50 & 200 at $0.00620 and $0.00620. The MACD chart reflects a positive signal and the possibility of a strong recovery in the near-term.