Resistance and support levels for Verge (XVG) :
Resistance levels: $0.015, $0.016, $0.017
Support levels: $0.014, $0.013, $0.012
XVG Price Analysis for Medium-term: Bearish
XVG price is reducing on the 4-Hour chart and the coin has been ranging between the resistance level of $0.015 and the support level of $0.014 since October 15. The bear does not have enough momentum to push the coin below the support level of $0.014. Likewise, the bulls did not have enough pressure to break up the resistance level of $0.015.Yesterday, there was a push from the bears that moved the price towards the support level of $0.014.
XVG’s price is below 10-day EMA and the 50-day EMA are separating from one another which indicates that XVG’s price is falling. However, the RSI 14 is above 40 levels with its signal lines pointing to the north, connoting a buy signalling.
XVG Price Analysis for Short-term: Bearish
XVG is in its bearish movement yesterday. The bears dominated the market yesterday and it gained pressure in a short time and pushed XVG’s price to the support $0.014 level. The bears have not pushed the price below the support level of $0.014.
When more sellers move into the market, the downtrend may continue and XVG’s price may move down to the south. Likewise, increasing the bull’s momentum will definitely increase the price. The coin is below both 10-day EMA and the 50-day EMA, which connotes XVG’s price is falling. However, the RSI 14 is above 40 levels and signal lines point to the north which indicates a buy signal.