• On the upside, if the bulls sustain the price above the EMAs, the crypto’s price will rise to break the $0.009400 resistance level.
  • On the other hand, if the bulls fail to sustain the price above the EMAs, the crypto’s price will fall back to the bearish trend zone.

XVG/USD Medium-term Trend: Bullish

  • Resistance Levels: $0.009500, $0.0100, $0.015000
  • Support levels: $0.008000, $0.007500, $0.007000

Yesterday, April 30, the price of the Verge was in a bearish trend. Yesterday, the bulls broke the 12-day EMA and the 26-day EMA while in the bearish trend zone. The crypto’s price is not well established above the EMAs. On the upside, if the bulls sustain the price above the EMAs, the crypto’s price will rise to break the $0.009400 resistance level.

Nevertheless, if the price is still above the EMAs, the bulls will break over the $0.009400 price level, and reach the previous high of $0.01100. On the other hand, if the bulls fail to sustain the price above the EMAs, the crypto’s price will fall back to the bearish trend zone. Meanwhile, the stochastic indicator is in the overbought region but above the 60% range. This indicates that the crypto’s price is in a bullish momentum and a buy signal.

XVG/USD Short-term Trend: Bullish

On the 1-hour chart, the XVG price is in the bullish trend zone. The price of the Verge will rise if the crypto’s price remains above the EMAs. Presently, the crypto’s price is trading at $0.007848 as at the time of writing.

On the upside, if the bullish trend is sustained above EMAs, the crypto’s price will reach the previous highs of $0.009400 and $0.001100. Nevertheless, the stochastic indicator is in the overbought region but above the 80% range, this indicates that the crypto’s price is in strong bullish momentum and a buy signal.

Live Verge (XVG) Price:

1 XVG/USD =$0.0074 change ~ 6.90%

Coin Market Cap

$118.54 Million

24 Hour Volume

$1.55 Million

24 Hour VWAP

$0

24 Hour Change

$0.0005

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Original Article

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