ALT: Will Bears Move Out for Bulls to Gain Entry?MD: Verge which had been facing the fury of the bears in the current market volatility has show
ALT: Will Bears Move Out for Bulls to Gain Entry?
MD: Verge which had been facing the fury of the bears in the current market volatility has shown some stability over the past two days.
Verge is a coin with promising features of privacy and anonymity. The past few days have been not good for the coin with the prices continually fluctuating due to the bear momentum being strong in the crypto world. XVG price has however tried to regain its lost ground and recover over the past 2 days with the current price being $0.0060. Over the past 5 days, Verge price has been hovering in the range of $0.0062 to $0.0069 indicating that the coin is giving a tough fight for the bears.
Verge Price Analysis
Verge has been trying to recover from the price fluctuations as can be seen from the 5-day XVG price chart. From a high of $0.006929 on July 14, the price went down to $0.0056077 on July 15 within a matter of a day to the extent of 19%. The price then recovered and rallied to $0.006373 on July 16 in 12h 55m to the extent of 13.75%. In a day, the price again went down to $0.005172 on July 17 to the extent of 18.41%. The price has been showing an upward rally for the past 2 days with the price reaching $0.006164 on July 18 to the extent of 19.17%. Today, the price has come down slightly to $0.00600604, which is lower to the tune of 2.56%. It has to be seen whether the price of Verge will be able to sustain itself if the bears regain their momentum in the current market volatility.
Verge has shown some stability over the past two days after its battering by the bears since the beginning of July. The bears are still going strong, but the bulls are waiting to get back. The next few days should be crucial for the market, so as to understand the market position. It is anticipated that the Verge price may pick up in the medium term and expect the price to be around $0.01 by the end of 2019.
Investors need to wait for some more time before making any investment decisions. The crypto market is yet to stabilize and consolidates its position.