TRENDING:
Canada CPI
Trade War
XAU/USD
Silver
EUR/USD
GBP/USD
USD/CAD
AUD/USD
Sponsored by
Login
|

Verge Technical Analysis: XVG/USD is down 40% since its 2020 peak at $0.0098

  • Verge price is currently at $0.0059 after a significant pullback.
  • The daily chart is now in a downtrend and extremely weak. 
Verge Technical Analysis: XVG/USD is down 40% since its 2020 peak at $0.0098
Lorenzo StroeLorenzo StroeIndependent Analyst

Verge has finally succumbed to the selling pressure caused by the huge bull rally towards $0.01. Unfortunately, XVG lost the daily uptrend and has dropped below both daily EMAs which have crossed bearishly for the first time since February 2020. 

XVG/USD daily chart

XVGUSD

As mentioned above, the daily chart is in a downtrend and bulls don’t have many support levels nearby. The next support point is located at $0.005 but the daily RSI might reach oversold levels before that. The last time we saw the daily RSI being oversold was on March 13 when Verge price bounced significantly.

Author

Lorenzo Stroe

Lorenzo Stroe

Independent Analyst

Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.

More from Lorenzo Stroe
Share:

Editor's Picks

Stellar mixed sentiment caps recovery

Stellar mixed sentiment caps recovery

Stellar price remains under pressure, trading at $0.170 on Tuesday after failing to close above the key resistance on Sunday. The derivatives metric supports the bearish sentiment, with XLM’s short bets rising among traders and funding rates turning negative.

Jupiter rises on native SOL staking, TVL rebound

Jupiter rises on native SOL staking, TVL rebound

Jupiter edges higher by 3% at press time on Tuesday, approaching the $0.1700 level. The lending protocol announced native staking as collateral, allowing users to borrow against natively staked SOL on certain vaults.

Rocket Pool price extends rally as Saturn One upgrade boosts sentiment

Rocket Pool price extends rally as Saturn One upgrade boosts sentiment

Rocket Pool price extends its gains, trading above $2.80 on Tuesday after rallying over 58% in the previous day. The upcoming Saturn One network upgrade on Wednesday has fueled renewed buying interest.

Pi Network rallies ahead of its first anniversary

Pi Network rallies ahead of its first anniversary

Pi Network trades above $0.1800 at the time of writing on Tuesday, recording nearly 5% gains so far. On-chain data indicate that large wallet investors, commonly known as whales, have accumulated approximately 4 million PI tokens over the last 24 hours.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: BTC bears aren’t done yet

Bitcoin: BTC bears aren’t done yet

Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.