Resistance and support levels for Verge Coin (XVG) :
Resistance levels: $0.015, $0.016, $0.017
Support levels: $0.014, $0.013, $0.012
Verge Coin (XVG) Price Analysis for Medium-term : Bullish
The Verge Coin (XVG) experienced a sudden uptrend movement today with the formation of massive strong bullish candles after the bears were not able to push the coin beyond the support levels of $0.013. The bulls took over the market by the formation of strong bullish candles. The bears lost the pressure as the market reached the support levels of $0.013 and the coin rallied to the north. The coin may still move further to the north as it is above the 10-day EMA and the 50-day EMA. The RSI 14 is at the 70 levels with its signal lines
pointing to the north which connotes buy signal. Should the bulls increase their pressure, the coin may still continue its uptrend movement
Verge Coin (XVG) Price Analysis for Short-term : Bullish
XVG consolidated for some days shortly after the strong bearish movement which it experienced a few days ago. The price shifted from the consolidation point to the south yesterday. Today, the downtrend ceased to continue as more buyers moved into the market and XVG moved up to the north. The coin is above 10-day EMA and 50-day EMA. Though there may be a pullback as the RSI 14 is above 70 levels and the signal line points to the north, which indicates a buy signal.