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
On the 4-Hour chart, the Verge (XVG) is finding its way to the previous low of the support level of $0.013 by breaking the support level of $0.014. Yesterday the market was ranging within the bound range of resistance level of $0.015 and support level of $0.014. Today the coin is in a bearish trend.
The coin is moving further to the south as it is below the 4-day EMA and the 50-day EMA. However, the RSI 14 is above 40 levels with its signal lines pointing to the north which connotes buy signaling.
XVG Price Analysis for Short-term : Bearish
The bears had gained enough pressure to push the XVG below the level of $0.014. XVG is in its bearish trend. Before the bearish trend, the price has been ranging between $0.015 and $0.014.
When more sellers move into the market the downtrend may continue and XVG may move down to the south. Likewise, increase bull’s momentum will definitely increase the price. The coin is on the 4-day EMA and the 50-day EMA is above the price which connotes sell is ongoing. However, the RSI 14 is below 40 levels and the signal line points to the north which indicates bull may dominate the market soon.
