Verge Technical Analysis: XVG/USD eying $0.01 again after confirming a daily uptrend


  • XVG/USD is up 6% in the last 24 hours after establishing a clear higher low on the daily chart.
  • Verge is currently in a daily uptrend and only facing resistance at $0.0079.

XVG/USD has managed to remain inside a daily uptrend and has set a clear higher low at $0.0068. Bulls are only facing the high at $0.0079 as the next resistance level before $0.01. Verge is currently trading at $0.0073 after a brief pullback.

XVG/USD daily chart

xvgusd

Buyers have defended the daily 26-EMA several times in a row and the daily MACD is now on the verge, no pun intended, of a bull cross. The RSI is not overextended and will not have any impact on Verge until $0.01. The daily 12-EMA at $0.007 can be used as a support level if the pullback extends further down.

XVG/USD 4-hour chart

xvgusd

Clearly, the 4-hour chart is under healthy consolidation as XVG/USD has just defended the 12-EMA located at $0.0072. The MACD has crossed bullishly and buyers are ready for another leg up above $0.0076.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

88,000 Bitcoin options are set to expire this Friday: What does it mean for BTC

The volatile start of that week that saw Bitcoins sell-off from nearly $11,000 to $10,000 in a matter of hours may have an even more turbulent ending.

More Bitcoin News

Bitcoin and Ethereum ready to regain even more ground according to several indicators

Although Ethereum and Bitcoin are usually correlated, we have seen a break of this correlation in the past few months, mostly due to the recent power of ETH propelled by the DeFi craze. 

More Ethereum News

NEO explodes 15% after Binance announcement to list FLM

The Flaming project announced its launch back in August when NEO saw another 15% surge. Binance will be launching the FLM staking pool on September 27 and list the token one day later. 

More NEO News

Bitcoin to follow Stocks and Gold on the way down as the market hit the panic button

Traditional markets have already hit the panic button amid the lingering economic uncertainty on top of the upcoming second wave of COVID-19 and the Presidential elections in the US.

More Cryptocurrencies News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC crystal ball gives bulls a faint flicker of hope

Bitcoin staged a healthy recovery this week. The pioneer digital currency price took off from the support area of $10,000 and touched the next psychological line of $11,000.

Read the weekly forecast

BTC

ETH

XRP