Price Analysis

Verge Battles the Bearish Pressure; May Soon Reflect Recovery

Verge currency’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 couldn’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.

Markus Brown

Markus Brown is a full time news editor at CryptoMoonPress. He has five years of writing experience with well-known publishing companies. Currently, he serves his valuable price analysis articles and manages our writers team for content writing and curation. In his free time, he enjoys football and badminton.

Recent Posts

Must-Watch Tokens in 2024 with 100X potential: OZO, DOT, and ADA

The crypto market has been on a roll in 2024, with most coins enjoying a…

3 months ago

Ozone Chain (OZO) Price Prediction 2024 – 2030

Ozone Chain is the world’s first Quantum resistance blockchain. It is credited with integrating Quantum…

5 months ago

Expert puts XRP price at $7.5, Dogecoin (DOGE) to touch $0.4, safest bet to take

Crypto experts have issued bullish outlooks for XRP and DOGE. Based on their predictions, XRP…

7 months ago

Crypto whale spends $137 million on Ripple’s XRP and this viral Ethereum

The cryptocurrency community has taken notice of a well-known crypto whale who made a stunning…

7 months ago

O2T becomes bigger than BONK coin, investors prepare for 50x rally after June 10th

In the rapidly evolving world of cryptocurrency, new tokens frequently capture the market’s attention, promising…

7 months ago

ETFSwap (ETFS) presale shatters expectations, raises $2M and $100,000 in the last 24 hours

The trending Ethereum-based project ETFSwap (ETFS) has set the crypto world on fire with its…

7 months ago