Verge (XVGUSD) Price Forecast: July 1
The XVGUSD price at the moment is currently recovering and also maintains strength above the supply levels. The crypto is showing positive signs above the $0.00301 supply value. If the coin holders could prove stronger and the price shows sustainability above the $0.00372 previous high value, its upside moves could extend further to reach the $0.00600 upper resistance level and beyond, resulting in an intraday gain and a potential buy signal for the coin holders.
Key Levels:
Resistance Levels: $0.00350, $0.00360, $0.00370
Support Levels: $0.00160, $0.00150, $0.00140
XVG (USD) Long-term Trend: Bullish (Daily Chart)
The XVG pair is experiencing a jolly bullish move in its long-term view. The coin price is now strongly trading above the moving averages with huge volumes from the bulls. Thus, the recent market structure has favored the bulls.
The sustained bullish pressure was able to push the coin price upside to a $0.00362 high level with a long bullish candle before the end of yesterday’s session; this has enhanced the crypto price to remain firm above the supply levels in its recent high.
Today, the market price of Verge at the $0.00337 high level which is above the moving averages as the daily chart opens implies that the price is in an uptrend and from the way it is at the moment, it will keep growing.
Hence, there is a tendency for the coin to rise further, if the support level holds, this will enable buyers to take the price up to a high of $0.00600 soon in its long-term perspective.
XVG (USD) Medium-term Trend: Bullish (4H Chart)
Amid the increasing bearishness in the crypto market, XVGUSD remains bullish on the medium-term time frames. This is clear as we can see the prices trading strongly above the two EMAs, indicating an uptrend.
The persistent bullish pressure pushed the currency pair up to the $0.00362 supply level during the last session and sustained it. This has made it capable for the coin to remain firm in an uptrend in its recent high.
Today’s market value of Verge at a $0.00336 supply value above the two moving averages as the 4-hourly session opens today affirms the presence of more buyers in the market. A strong push by the bulls above the peak of $0.00362 value will put the crypto more on the buying side.
In addition to that, with the daily stochastic pointing upwards, we can expect more bullish action, if all the support holds in place. The price of XVUSD might possibly jump up to the $0.00600 upper high level soon in its medium-term outlook.
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