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Verge Price Prediction Today: Daily (XVG) Value Forecast – June 5

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

  • Since on April 8, the bulls have not been able to break the $0.0.0 110 overhead resistance level.
  • On the downside, if the market continues its fall, the price of the Verge will reach a low of $0.0070.
  • On the other hand, if the $0.008600 support level holds, the bulls will make a bullish move to break above the EMAs.

XVG/USD Medium-term Trend: Bearish

  • Resistance Levels: $0.0090, $0.0100, $0.0110
  • Support levels: $0.0080, $0.0070, $0.0060

Yesterday, June 4, the price of the Verge was in a bearish trend zone. Since on April 8, the bulls have not been able to break the $0.0.0 110 overhead resistance level. On May 16, the bulls retested the overhead resistance level but were resisted. At other times the XVG market was ranging below the overhead resistance level.

Nevertheless, on May 28, the bulls were overpowered by the bears as the market fell below the 12-day EMA and the 26-day EMA. The price fell to a low at $0.00867 in the bearish trend zone. On the downside, if the market continues its fall, the price of the Verge will reach a low of $0.0070. On the other hand, if the $0.008600 support level holds, the bulls will make a bullish move to break above the EMAs. Meanwhile, the crypto market has reached the oversold territory of the daily stochastic indicator but below the 20% range. This indicates that the market is in a bearish momentum and sell signal.

XVG/USD Short-term Trend: Bearish

On the 1-hour chart, the XVG price is in a bearish trend. The 12-day EMA and the 26-day EMA are sloping southward in a downtrend indicating that price is falling. The first support level after the slope was at the $0.0100 price level. On June 3, the bears finally broke the support as the market fell to the support of $0.0085 price level.

On the upside, if the $0.00850 support level holds the bulls will resume its upward move. On the downside, if the market continues its fall, the XVG prices will depreciate to a low at $0.00700 price level. Meanwhile, the price of the verge has reached the oversold region of the daily stochastic indicator but above the 20% 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.

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