Connect with us

Bitcoin News

Verge Price Prediction Today: Daily (XVG) Value Forecast – July 31

Published

on

Verge-Coin-XVG-Price-Soars-in-Light-of-iOS-Wallet-Announcement-for-Transactional-Privacy

Verge-Coin-XVG-Price-Soars-in-Light-of-iOS-Wallet-Announcement-for-Transactional-Privacy

  • On the upside, if the bulls break the 12-day EMA and the 26-day EMA, the crypto’s price will rise and retest the $0.01100 overhead resistance.
  • On the other hand, if the bulls fail to break the EMAs, the coin will continue its range bound move below the EMAs.

XVG/USD Medium-term Trend: Ranging

  • Resistance Levels: $0.00800, $0.00900, $0.060
  • Support levels: $0.00600, $0.00500, $0.00400

Yesterday, July 30, the price of the Verge was in a range bound move below the 12-day EMA and the 26-day EMA. On  May 16, the XVG coin reached a high of $0.0110 price level but was resisted. The bears broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone.

On July 16, the downward trend was corrected at the $0.005390 price level. On July 17, the bulls made an upward move to break above the EMAs but were resisted. The price of the Verge has continued to range below the EMAs. On the upside, if the bulls break the 12-day EMA and the 26-day EMA, the crypto’s price will rise and retest the $0.01100 overhead resistance.

On the other hand, if the bulls fail to break the EMAs, the coin will continue its range bound move below the EMAs.  Meanwhile, the market is still in a range between the levels of $0.00800 and $0.0100. The Coin 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.

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 in a sideways trend. The crypto’s price is fluctuating below and above the 12-day EMA and the 26-day EMA indicating that price is in a sideways trend.

Meanwhile, the price of the verge has reached the overbought region of the daily stochastic but above 60% range. This indicates that price is in a bullish momentum and a buy signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading
Advertisement
Advertisement

Recent Posts

Copyright © 2019 The Crypto Report