Verge Price Prediction Today: Daily (XVG) Value Forecast – June 19
- On the upside, if the bulls break above the EMAs, the crypto’s price is likely to rise to retest the $0.00110 overhead resistance level.
- On the downside, if the bearish pressure continues, the XVG coin is likely to revisit the previous lows of $0.00700 and $0.00800 price level
XVG/USD Medium-term Trend: Ranging
- Resistance Levels: $0.0092, $0.0094, $0.0096
- Support levels: $0.0090, $0.0088, $0.0086
Yesterday, June 18, the price of the Verge was in a sideways trend. The price of the Verge had been in a sideways trend since the beginning of June 4. In the previous month, the XVG market had been trading at the overhead resistance. The bulls made concerted efforts to break the overhead resistance.
The bulls tested the $0.01100 overhead resistance on more than three occasions before being resisted. On May 28, the bears broke the 12-day EMA and the 26-day EMA as the price fell to a low at $0.008539. The crypto’s price is now below the EMAs which suggest that price may further depreciate.
On the upside, if the bulls break above the EMAs, the crypto’s price is likely to rise to retest the $0.00110 overhead resistance level. On the downside, if the bearish pressure continues, the XVG coin is likely to revisit the previous lows of $0.00700 and $0.00800 price levels.
XVG/USD Short-term Trend: Ranging
On the 1-hour chart, the XVG price is in a sideways trend. The 12-day EMA and the 26-day EMA are sloping horizontally. The crypto was trading below the $0.009400 resistance level. Each time the bulls were resisted the XVG market would find support at the EMAs.
On June 17, the bulls were resisted at the $0.009400 price level as the price fell below the EMAs. Meanwhile, the price of the verge has reached the oversold region of the daily stochastic but above 40% range. This indicates that price is in a bullish momentum and a buy signal.
Live Verge (XVG) Price:
1 XVG/USD =$0.0751 change ~ 51.49%
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