• In retrospect, on May 16, the XVG market reached a high of $0.01100 but was resisted. The market had a downward correction to a low at $0.008679 which forms the lower price level.
• Meanwhile, the market is in a tight range between the levels of $0.08000 and $0.0100.

XVG/USD Medium-term Trend: Ranging

• Resistance Levels: $0.0092, $0.0094, $0.0096
• Support levels: $0.0090, $0.0088, $0.0086

Yesterday, June 27, the price of the Verge was in a sideways trend. On June 27, the bears pulled out of the range-bound move and tested the lower price range. The crypto’s price is making an upward move to test the upper price range. Meanwhile, the market is in a tight range between the levels of $0.08000 and $0.0100. The 12-day EMA and the 26-day EMA are a flattened line a horizontal line indicating that price is in a sideways trend.

In retrospect, on May 16, the XVG market reached a high of $0.01100 but was resisted. The market had a downward correction to a low at $0.008679 which forms the lower price level.
Nevertheless, the sideways trend may likely continue because the crypto‘s price is in choppy price action. The support and resistance levels of price cannot be determined. Meanwhile, the price of the verge has reached the oversold region of the daily stochastic but below 40% 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 a. The crypto’s price is fluctuating below the 12-day EMA and the 26-day EMA. The XVG market is in a choppy price action.Meanwhile, the price of the verge has reached the overbought region of the daily stochastic but below 20% range. This indicates that price is in a bearish momentum and a sell signal.

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