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Verge Price Prediction Today: Daily (XVG) Value Forecast – May 10

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  • On the upside, if the $0.006400 support level holds, the crypto’s price will rise to break the EMAs and retest the $0.007600 resistance level.
  • On the other hand, if the bulls fail to break the EMAs, the crypto’s price will commence a range bound movement.

XVG/USD Medium-term Trend: Bearish

  • Resistance Levels: $0.009500, $0.0100, $0.015000
  • Support levels: $0.007500, $0.007000, $0.006500

Yesterday, May 9, the price of the Verge was in a bearish trend zone. Since on May 1, the 12-day EMA and the 26-day EMA were trending horizontally indicating that price was in a sideways trend. The crypto’s price fell to the previous low at $0.006400 price level. On the upside, if the $0.006400 support level holds, the crypto’s price will rise to break the EMAs and retest the $0.007600 resistance level.

On the other hand, if the bulls fail to break the EMAs, the crypto’s price will commence a range bound movement. Meanwhile, the stochastic indicator is in the oversold region but below the 20% range. This indicates that the crypto’s price is in a strong bearish momentum and a sell signal.

XVG/USD Short-term Trend: Bullish

On the 1-hour chart, the XVG price is in the bullish trend zone. The 12-day EMA and the 26-day EMA were trending southward indicating that price was in a bearish trend. The crypto’s price fell to the support of the $0.006400 price level. If the $0.006400 price level holds, the price of the Verge is likely to resume its bullish trend.

Presently, the crypto’s price is trading at $0.006880 as at the time of writing. Nevertheless, the stochastic indicator is in the oversold region but above the 40% range, this indicates that the crypto’s 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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