Verge (XVG) Price Analysis: Will Bears Continue to Put Pressure on XVG Price?
Verge (XVG) Price Analysis: Will Bears Continue to Put Pressure on XVG Price?
ALT: Will XVG Continue To Reel Under Bear Pressure?
MD: Verge has not been able to recover from the bearish mode of last week and the price has further declined.
- Verge (XVG) price is still continually reeling under the bear pressure
Verge (XVG) crypto has been a highly investor friendly coin but its price has been bitten by the bear bug in the current crypto market volatility since early July. The bears are still ruling the crypto currency space as can be seen from the 5-day price chart for Verge, which shows the price continually on the decline with price variations being in the range of $ 0.0055 – $ 0.0066.
Latest Statistics
As on July 30, 2019 at 5:22:37 UTC, current statistics is as below:
- Current market price of XVG is $ 0.0056
- Current rank is 71
- Current market cap is around $ 88,946,624
- 24 h volume is at $ 741,454
- ROI is at a massive > 9000 % and Circulating supply is a healthy 15,850,877,549 XVG
Price Comparison
The price of XVG is still trying hard to recover from the bear onslaught which has continually pushed the price downwards. On July 25, the price of XVG was at $ 0.0057. In a matter of 1d 25m on July 26, the price showed a good rally at $ 0.0066, upward movement being to the tune of 15.36%. From here the price went on a downhill with the bears ruling the market. On July 27, in a matter of 15h 10m the price slid to $ 0.0057, downward slide was to the extent of 13.40%. The price further went down on July 27 in 1d 10h 45m to $ 0.0055, to the extent of 2.87%. Today the price has slightly recovered to 0.0056, which is a very negligible increase of 1.82%. The chart shows that the bears are not letting XVG recover and stabilize its position.
Verge’s Price Prediction:
Verge investors are in a quandary as to where the price is headed in the current crypto market volatility. The bears are continually pushing the price downwards since late last week. Before that, there was a slight hope of a bull resurgence but now that hope has been quashed with bears ruling. Analysts expect this trend to continue for the short run but expect Verge to recover by the year end and have kept the target of Verge at $ 0.01.
Conclusion:
Investors with a long-term outlook can still go ahead and invest. Short-term investors will have to exercise tremendous caution in this current market volatility.
