• Meanwhile, the market is in a tight range between the levels of $0.00800 and $0.0100.
• On the upside, if the lower price range is holding, the bulls will make an upward move to break the EMAs and reach the upper price range.

XVG/USD Medium-term Trend: Ranging

• Resistance Levels: $0.0082, $0.0084, $0.0086
• Support levels: $0.00780, $0.00760, $0.0086

Yesterday, July 2, the price of the Verge was in a bearish trend. The crypto’s price has broken out of the tight range bound move. Meanwhile, the market is in a tight range between the levels of $0.00800 and $0.0100. The 12-day EMA and the 26-day EMA are trending horizontally indicating that price is still in a sideways trend.

Also, the small body candlesticks like the Doji and Spinning tops describe the indecision between the buyers and the sellers about the current market price. Their indecision results in poor price movement. Nevertheless, the price of the Verge is consolidating at the lower price range.

At the same time, the XVG price is below EMAs which indicates that price is likely to fall. On the upside, if the lower price range is holding, the bulls will make an upward move to break the EMAs and reach the upper price range. Meanwhile, the price of the verge has reached the oversold region of the daily stochastic but below 20% range. This indicates that price is in a bearish momentum and a sell signal.

XVG/USD Short-term Trend: Bearish

On the 1-hour chart, the XVG price is in a sideways trend. The 12-day EMA and the 26-day EMA are sloping southward. The crypto’s price is fluctuating below the 12-day EMA and the 26-day EMA indicating that price may continue its fall. Meanwhile, the price of the verge has reached the oversold region of the daily stochastic but above 20% range. This indicates that price is in a bearish momentum and a sell signal.

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