Despite the market leader, Bitcoin price, witnessing a bearish sentiment, the XVG token continues to display a strong bullish sentiment by recording a significant uptrend in valuation, highlighting a switch of interest among investors.
Positively, the Verge token has added approximately 52% within the past 24 hours and 112.60% over the past seven days, indicating a strong bullish sentiment for the XVG coin price in the crypto industry. Furthermore, its YTD stands at 238%, highlighting a positive outlook for the upcoming months.
Also Check Out The : Bitcoin, Ethereum, and XRP Price Prediction For 2024: Here’s What To Expect
The XVG price traded in a consolidated range between $0.00492 and $0.00741 for about a month, indicating weak buying and selling pressure for this altcoin in the crypto industry. As the volatility in the market grew, the bulls recorded a jump of 54.80% before facing rejection at $0.0103.
After trading sideways for a while, the bulls regained momentum and jumped approximately 62.5%, after which the price faced rejection at the resistance level of $0.0150. Since then, the price has been displaying a neutral by trading in a closed range between $0.0124 and $0.0150.
The technical indicator, MACD, displays a constant green histogram in the chart, indicating increased selling pressure in the crypto space. Furthermore, the averages show a bearish movement, suggesting a mixed sentiment for the altcoin in the coming time.
If the market holds the price above the support level of $0.0124, the bulls will regain momentum and test its resistance level of 0.0150 this week. Moreover, if the XVG price continues to trade under a bullish influence, it will further rise and test its upper resistance level of $0.0180 this month.
Negatively, if the bears overpowered the bulls, the Verge price would lose momentum, break its support level, and fall to test its lower support level of $0.0103. Moreover, if the bears continue to dominate the market, it will plunge and prepare to test its low of $0.00741 in the coming time.
When Bitcoin first emerged, its fixed 21 million supply was mocked. Today, that scarcity has…
Singapore’s financial authority announces that unlicensed crypto firms operating overseas after June 30 will be…
On May 27, 2025, US President’s crypto czar, David Sacks, says there is a pathway…
Hackers used Monero to move stolen Bitcoin, pushing XMR up 24 percent to $269. But…
Pakistan has allocated 2,000 megawatts (MW) of electricity to fuel Bitcoin mining and artificial intelligence…
The crypto space has taken a slide downwards with intensifying bearish pressure, as investor sentiment…
